BCOC-133

Effect Of Material Alteration

A change which alters the legal identity or business character of the instrument, or which may affect the contract in the in…

Protest

Protest is a formal certificate issued by the Notary public to the holder of the bill on his demand the Certificate contains…

Noting

When a promissory note or bill of exchange has been dishonoured by non-acceptance or non-payment, the holder may cause such …

Payment for Honour

Corresponding to acceptance for honour, there are specific provisions regarding payment for honour. Acceptance for honour is…

When Presentment is Unnecessary?

The general rule is that a negotiable instrument must be presented for payment to the maker, acceptor or drawee, by or on be…

Rules Regarding Presentment for Payment

In order to constitute a valid presentment for payment, the document must be actually presented so as to enable the person p…

Presentment For Payment

Section 64 states that the instrument must be properly presented for payment. The object of presentment is to give the conce…

Rights And Liabilities of Acceptor for Honour

Acceptor for Honour As you know, a bill can be accepted only by drawee. But, when a bill of exchange has been noted or prot…

Effect of Non-presentment for Acceptance

In the absence of presentment, where presentment is not dispensed with, not only the drawer and all endorsers are discharged…

Classification of Qualified Acceptance

Qualified acceptance may be classified in the following lines 1. Conditional acceptance, 2. Partial acceptance, 3. Qualif…

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