{"id":15395,"date":"2018-03-11T23:19:24","date_gmt":"2018-03-11T23:19:24","guid":{"rendered":"https:\/\/reunitethestates.org\/?page_id=15395"},"modified":"2018-03-12T00:37:28","modified_gmt":"2018-03-12T00:37:28","slug":"15395-2","status":"publish","type":"page","link":"https:\/\/reunitethestates.org\/?page_id=15395","title":{"rendered":"presentment for acceptance – production of a negotiable instrument, to the drawee, acceptor, or maker, for his acceptance and agreement to pay the bill, usually at some time in the future"},"content":{"rendered":"

\u00a0\u00a0\u00a0\u00a0 This page is continued from Legal Instruments<\/a> >>>> Negotiable Instruments<\/a> >>>> Presentment<\/a>:<\/span><\/span>
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presentment for acceptance<\/span>:<\/span>
\n<\/strong>(18c)<\/span><\/p>\n

1. Production of an instrument to the drawee, acceptor, or maker for acceptance.\u00a0 *\u00a0 This type of presentment may be made anytime before maturity, except that with bills payable at sight, after demand, or after sight, presentment must be made within a reasonable time. <\/strong>[1]
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1. The presenting of a<\/span> bill of exchange<\/a> to the drawee therein named for his acceptance and agreement to pay the bill, usually at some time in the future. 11 Am J2d B & N \u00a7 730<\/span>.\u00a0 <\/span><\/strong><\/span><\/p>\n

Any act which amounts to a notification of the holding of a<\/span> bill of exchange<\/a> with a request to accept, accompanied by the bill. 11 Am J2d B & N \u00a7 734<\/span>.\u00a0 <\/span><\/strong><\/span><\/p>\n

Where the acceptance o the bill is in writing, the word “seen,” or the word “accepted,” or the word “presented,” written on the bill itself, or on any other paper relating to the transaction, will amount to an acceptance of the bill. Barnet v Smith<\/em>, 30 NH 256<\/span>.<\/strong> [2]<\/span><\/p>\n

1. With respect to\u00a0<\/span> negotiable instruments<\/a>, the agreement of the bank or other drawee to honor a draft, check, or other<\/span> negotiable instrument<\/a>.\u00a0 Acceptance, which must be indicated on the instrument, in writing, is an acknowledgement by the drawee that the drawer has sufficient funds on deposit to cover the draft.
\n<\/span><\/strong>See certified check<\/em>; trade acceptance<\/em>. [3]<\/span><\/span><\/p>\n

References:<\/span><\/span><\/strong><\/p>\n

Disclaimer:<\/span><\/span><\/strong> All material throughout this website is compiled in accordance with Fair Use<\/a>.<\/span><\/strong><\/p>\n

[1]: Black’s Law Dictionary <\/a><\/span><\/strong>Deluxe<\/b><\/span><\/em> Tenth<\/b><\/span><\/em> Edition<\/b><\/span><\/em><\/a> by Henry Campbell Black, Editor in Chief Bryan A. Garner. ISBN: 978-0-314-61300-4 <\/span><\/strong><\/p>\n

[2]: Ballantine\u2019s Law <\/a><\/span><\/strong>Dictionary\u00a0<\/b><\/span><\/strong><\/a>with<\/b><\/span><\/em> Pronunciations<\/b><\/span><\/em> Third Edition<\/span><\/strong><\/a>\u00a0by James A. Ballantine\u00a0<\/span><\/strong>(James Arthur 1871-1949).\u00a0\u00a0<\/span><\/em>Edited by William S. Anderson.\u00a0\u00a0\u00a9 1969 by THE LAWYER\u2019S CO-OPERATIVE PUBLISHING COMPANY.\u00a0 Library of Congress Catalog Card No. 68-30931<\/span><\/strong><\/p>\n

[3]:\u00a0\u00a0Ballantine\u2019s Law Dictionary <\/a><\/span><\/strong>Legal<\/b><\/span><\/em> Assistant<\/b><\/span><\/em> Edition<\/b><\/span><\/em><\/a>
\nby Jack Ballantine\u00a0<\/span><\/strong>(James Arthur 1871-1949).\u00a0\u00a0<\/span><\/em>Doctored<\/span><\/a><\/strong>\u00a0<\/span><\/em>by\u00a0Jack G. Handler,\u00a0J.D.<\/a>\u00a0\u00a9 1994 Delmar by Thomson Learning.\u00a0 ISBN 0-8273-4874-6.<\/span><\/strong><\/p>\n

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