Ch. 31. No. 5.] Bills of Exchange.

Rulea as to
presentment
for payment.

The provisions of this subsection do not apply to a
partial acceptance, whereof due notice has been given.
Where a foreign bill has been accepted as to part, it must be
protested as to the balance.

(3) When the drawer or indorser of a bill receives
notice of a qualified acceptance, and does not, within a
reasonable time, express his dissent to the holder, he shall
be deemed to have assented thereto.

45. Subject to the provisions of this Ordinance, a bill
must be duly presented for payment. If it be not so
presented, the drawer and indorsers shall be discharged.

A billis duly presented for payment which is presented in
accordance with the following rules
(a) where the bill is not payable on demand, present-

ment must be made on the day it falls due;

(b) where the bill is payable on demand, then, sub-
ject to the provisions of this Ordinance, presentment
must be made within a reasonable time after its issue
in order to render the drawer lable, and within a
reasonable time after its indorsement, in order to
render the indorser lable; in determining what is a
reasonable time, regard shall be had to the nature of
the bill, the usage of trade with regard to similar
bills, and the facts of the particular case;

(c) presentment must be made by the holder or by
some person authorised to receive payment on his
behalf at a reasonable hour on a business day, at the
proper place as hereinafter defined, either to the
person designated by the bill as payer, or to some
person authorised to pay or refuse payment on his
behal!, if with the exercise of reasonable diligence
such person can there be found;

(d@) a bill is presented at the proper place—

(i) where a place of payment is specified in the
bill and the bill is there presented ;

(ii) where no place of payment is specified, but
the address of the drawee or acceptor is given in
the bill, and the bill is there presented ;

(iii) where no place of payment is specified, and
no address given, and the bill is presented at the