{"id":15396,"date":"2018-03-11T23:19:30","date_gmt":"2018-03-11T23:19:30","guid":{"rendered":"https:\/\/reunitethestates.org\/?page_id=15396"},"modified":"2018-03-12T00:28:45","modified_gmt":"2018-03-12T00:28:45","slug":"presentment-for-payment","status":"publish","type":"page","link":"https:\/\/reunitethestates.org\/?page_id=15396","title":{"rendered":"presentment for payment – production of a negotiable instrument, by the holder, to the drawee, acceptor, or maker, on or after the date the instrument matures, to demand payment"},"content":{"rendered":"

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

1. Production of an instrument to the drawee, acceptor, or maker for payment.\u00a0 *\u00a0 This type of presentment must be made on the date when the instrument is due. <\/strong>[1]\u00a0 <\/span><\/p>\n

1. The method by which it is determined whether a person primarily liable on an instrument will pay or whether it will be necessary to resort for payment to persons secondarily liable.\u00a0 A demand for payment; a personal or face-to-face demand accompanied by a readiness to make actual presentment or exhibition of the instrument and its surrender upon payment. 11 Am J2d B & N \u00a7 738<\/span>.<\/span><\/strong> [2]<\/span><\/span><\/p>\n

1. With respect to<\/span> negotiable instruments<\/a>, payment to the holder at or after the maturity of the instrument, in good faith and without notice that his title is defective.\u00a0<\/span><\/strong> See defective title<\/em>. [3]\u00a0<\/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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