Presentation For Payment Not Excused By Request From Drawee To Return The Bill Before Maturity
This section is from the book "Canadian Banking Practice", by John T. P. Knight.
This section is from the "" book, by .
Presentation For Payment Not Excused By Request From Drawee To Return The Bill Before Maturity
Question 174. - A has accepted a draft held for collection by Bank C, payable at Bank B, and the day before it falls due he instructs Bank C to return it to the drawers unpaid. Should Bank C present it at Bank B before returning?
Answer. - A's request should not excuse Bank C from duly presenting the bill on the day of maturity.
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