Section 64 states that the instrument must be properly presented for payment. The object of presentment is to give the concerned party an opportunity to pay. Moreover, except in the case of a promissory note payable on demand and which is not payable at a specified place, presentment must be made in order to make the maker liable. Until such presentment, no right to sue arises.
The exception to this section 64 lays down that, in the case of promissory note payable on demand at specified place, the note should be presented at that place in order to charge the maker thereof unless the presentment is otherwise excused; but, if the note is not payable at a specified place, the presentment of the note is not necessary. From the exception to section 64 it is made clear that presentment is necessary if the promissory note, payable on demand, is payable at a specified place. By presentment for payment, a holder does not thereby warrant the geniuses of the bill. A drawer or endorser who is discharged from his liability on a bill is also discharged from his liability on the consideration thereof.
The provisions relating to presentment under the Act are applicable to hundies and other instruments in oriental language; but they are subject to such local usages as may be proved to exist.
