Hours for presentment
Full Text
Hours for presentment.—Presentment for payment must be made during the usual hours of business and, if at a banker's, within banking hours.
Plain English Summary
Requires presentment for payment to be made during normal business hours, and specifically within banking hours if presented to a bank.
Key Legal Elements
- Presentment for payment must occur during usual business hours
- If presented at a bank, it must be during official banking hours
Practical Note
Strict timing requirement. Presenting a check to a bank after banking hours or a note to a shop after business hours is not a valid presentment under the Act. Parties cannot be held liable if default occurs due to out-of-hours presentation.
हिंदी पाठ
प्रस्तुतीकरण के घंटे।—भुगतान के लिए प्रस्तुतीकरण व्यवसाय के सामान्य घंटों के दौरान किया जाना चाहिए और, यदि बैंककार के यहाँ हो, तो बैंकिंग घंटों के भीतर किया जाना चाहिए।