In former sections (179 etsetf.) was discussed the liability of a bank or banker for failure to take proper steps in making a collection intrusted to the bank. It is the purpose of the author now to discuss the rules of law applicable to the presentation of paper for acceptance when the paper requires such presentment, and the necessity for protest and notice of non-acceptance as well as the rules as to demand of payment and protest and notice of nonpayment. While this subject is not peculiar to banking law, and belongs within the scope of a general work on bills and notes, yet the subject is of such controlling importance in banking business that no excuse is needed for its insertion here. The acceptance of checks upon the particular bank by certifying them has already been noticed,1 as well as the acceptance by the bank of paper payable at the bank,2 and that discussion will not be repeated. The different kinds of paper in regard to which these questions of acceptance and demand of payment arise may roughly be classed as orders for the payment of money (which do not amount to bills of exchange), checks, promissory notes (which include certificates of deposit, hereinbefore discussed)3 and bills of exchange. An examination will first be made to indicate what instruments are bills of exchange requiring a presentment for acceptance.