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Report No. 11

124. Non-presentment for payment in cases of qualified acceptance when does not discharge the acceptor.-

When by the terms of a qualified acceptance presentment for payment is required, the acceptor, in the absence of express stipulation to that effect, is not discharged by the omission to present the bill for payment on the day that it matures.1

1. See section 52(2), BEA.

Negotiable Instruments Act, 1881 Back

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