The independent-reporter. [volume] (Skowhegan, Me.) 1909-1955, 1917-04-12
Az the maturity of the instru-

les tha'
ptanGS,c. bs S the bill is drawn payable
|gl than at the residence or
sewh1 husiness of the drawee.
ace VI other case Is presentment fol
IN .o necessary In order 10 rem
crep vr Marty to ne bill liable.
o. ,.r IA Except as herein other
ug.nnvided. the holder OF bill which
se p',,red by the next preceding sec
f'4t he presented for acceptance
0h st,ber present 1t for acceptance or
tusi e't /, within a reasonable time.
3es" Ill TO do so, the drawer and all
inl.sers are discharged.
ut,, lh Presentment for accept
SEN ,,"s. be made by or on behalf of
nee snidar at "A reasonable hour, on a
Pr us n day and before the bill Is over
~ Mn. drawee or some person au-
uaad 20 accept or refuse accept
an his behalf: and:
- Where a bill is addressed to two
u drawees who are not partners.
iFa,m,ut must be made to them all,
- onc has authority to accept or
nc acceptance for all.jn which case
ssrtn1, nj may be made to him only;
ya where the drawee is dead, pre-
..,ment may be made to his persona
{.nresentatiVe;
~ Where the drawee has been ad-
20 bankrupt or an insolvent or
mad. an assignment for the benefit
,-ed.tors. presentment may be made
10, ot to his trustee or assignee.
sa.,on TAG. A bill may be presented
,cc,piance on any day on which
,iahl. Instruments may be present
l.. sor p,yment under the provisions Of
F'..55ns seventytwo and eighty-tiYe of
r. act When Saturday is not other
t,se holiday. presentment for accept
In,emay be- made before twelve o'clock.
Kan. on that day.
se,iou IA. Where the holder of
In drawn payable elsewhere than at
r. mace Of business or the residence
u n. dlawee has not time with the
g,ersse NJ reasonable diligence to pre-
r., The bill for acceptance before pre-
I.,in. il for payment on the day that
ais due, the delay caused by pre-
Ee,ing the bill for acceptance before
f.sentn- it for payment is excused
RI dos not discharge the drawers and
S,Ttloa liS. Presentment for accept
lsge is excused and a bill may be
fsat.d as dishonored by non-accept-
me IN either of the following cases:
fdj Where the drawee is dead. or
l,s absconded. or is n fictitious person
1 person not having capacity to con
RrsH by hill;
Tg) Where. after the exercise Of rea-
lon1hle diligence. prcscntment cannot
y made.
Iel Where, although presentment has
k4n rrr.ular. acceptance has been re-
sed on some other ground.
| Section 14l. a bill is dishonQred by
bcn.aeceptance;
q %hsh it is duly presented for ac-
k,nance and such an acceptance as is
| e,rbcd by this act is refused or cat-
bN b. obtained, or
|G when present ment for acceptance
excused and the bill is not accepted.
Section 100 Where bin Is duly pre-
|tnied for acceptance and is not ac
l,pied within the prescribed time. the
belson pr, scntins IT must treat the bill
4 dshonored by non-acceptance or ne
lesS tn right of recourse against the
fuwer and indorSers.
Section III. When n bill Is diShonored
" non-acccptance. an immediate right
n recourse against the drawers and in
frseS accrues to the holder and no
kysentm,nt for payment is necessary.
Section l52. Where a foreign bill APP
Ssa-n- on its face to be such is dishon-
tfd by non-accoptance. ii must be duly
kn,lst,d for acceptance. and
3u'y bccn diShonored by non-acccpt-
rce is dshonored by non-payment. II
us BE- duly protested for non-pay-
enl If il is not SO protested. the
aatr and indolsers are discharged.
Hhere bill does not appear on its face
be foreign bill. protest thereof in
b. u dlshonor is unnecessary.
Seton l53 The protest must be an
Nd 20 the bill. or must contain al
b. hereof and must be under the
iad sal seal of the notary making it.
III na.' specify.
% T'w time and place OF present
u Nh, fact that prescntment was
ado and th" manner thereof;
e. Fhe cause or reason for protest
Is tht Nh:
- Tbt demand made and the answer
ven Il any. or the fact that the
lraWff c- acccptor could not be found.
Sfehdg a. Protest may be made by:
| dl 4 notary public; or
~ Hy any respectable resident of
|le place where the bill Is dishonored
| the PR ocuce of two or more credible
,ness,s
Section Isl. When a bill is protested
|th protest must be made on the day
4 " dishnuor, unles delay is excused
ftn duly noted. the protest may he
Ff*qncntly extended MS Of The date OF
noting
section 1856. A bill must be pro-
ped a the place where 1t Is dis
fA9red except that when n bill
lawn payable at the place of busi-
eS Or residence of some person 9TH
nan he drawce. has been disAon-
bed D. acceptance, it must be
{ o. H ~ @. q H.
ace where Il Is expressed to be pay
.t and no further presentment for
ment to, or demand on, the drawee
necessary
StrtIon 1877. A bill which has been
eirsted for non acceptance may be
bSefuently protested for non-pay-
Srtion 1873 Where the acceptor
: been adjudRed Il bankrupt or an
invent, or has made an assignment
TIM benefit of creditors. before the
d natures. the holder may cause
. bill TO he protested for better Sc
aiy against the drawer and in
Users
Section 159. Protest is dispensed
IN 10y any circumstances which
olld dispense with notice of dis
NOR Delay in noting or protesting
excused when delay is caused by
'''''f' " Spiif VIC tpillioi VI
e holder and not imputable to HIS
.iault. misconduct or negligence.
men III" cause of delay ceases to OPP
Ia'e. the bill must be noted or pro-
sled with reasonable diligence.
section 100. When "A bill is lost or
4suoy"d or is wrongly detained from
ne person entitled to hold it, protest
aY he made on "A copy or written
at'ienlars thereof
SECTION 161 Where bill of en-
mango has been protested for dis
puor ny non-acceptance or protested
" better security. and is not over
W., any person not being party al
'aly llahle thereon may. with the
'hseT # the holder, Intervene and
peePt the bill supra protest for the
ynor Of any party liable thereon. or
y me honor of the person for whose
tN91nt the bill is drawn. The ac-
EW@hce for honor may be for the
~ only OF the sum for which the
u drawn; and where there has
Ish an acceptance for honor for one
Ery there may he further accept
t.e by different person for the
'lof II another party
section l62, An acceptance for
Ea9f supra protest must he in writ
: and indicate that it is an accept
'eF honor, and must be signed by
aeeeptor for honor.
section l62. Where an acceptance
\ Hphor does not expressly state 70