What is presentment of negotiable instrument?
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Presentment" means a demand made by or on behalf of a person entitled to enforce an instrument (i) to pay the instrument made to the drawee or a party obliged to pay theinstrument or, in the case of a note or accepted draft payable at a bank, to the bank, or (ii) to accept a draft made to the drawee.
Presentment" means a demand made by or on behalf of a person entitled to enforce an instrument (i) to pay the instrument made to the drawee or a party obliged to pay theinstrument or, in the case of a note or accepted draft payable at a bank, to the bank, or (ii) to accept a draft made to the drawee.
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It is the showing of the instrument to the drawee, acceptor or maker for acceptance, sight or payment.Presentment is a demand by which the holder of a negotiable instrument is required to do something as per the directives of the instrument.the notice taken or statement made by a grand jury of an offense from their own knowledge without a bill of indictment laid before them.
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