Question 314. - Bank A receives a protestable cheque drawn on bank B from bank C for collection. If the same is presented to bank B and refused on the ground of "N.S.F." or "Present again," is it necessary to wait until three o'clock or one o'clock on Saturdays to protest same?

Answer. - The cheque cannot be protested before three o'clock on any business day, including Saturday. See section 121 (b) Bills of Exchange Act. If the notary has already presented the cheque for payment during business hours, and it has been refused, it is not necessary to present it again after business hours before protesting, but it is customary to do so, and it is undesirable, without special reason, to depart from this established custom.