Presentment where no exclusive place specified
Full Text
Presentment where no exclusive place specified.—A promissory note or bill of exchange, not made payable as mentioned in sections 68 and 69, must be presented for payment at the place of business (if any), or at the usual residence, of the maker, drawee or acceptor thereof, as the case may be.
Plain English Summary
Directs that if no specific place of payment is designated in the instrument, it must be presented for payment at the business place or usual residence of the payer.
Key Legal Elements
- Applies when no specific place is designated under Sections 68 and 69
- Presentment must be made at the place of business of the maker, drawee, or acceptor
- If there is no place of business, presentment must be made at their usual residence
Practical Note
Fills the gap when no place is written. If the note doesn't specify a place, the holder must present it at the maker's office or shop. If there is no business place, they must present it at the maker's residence.
हिंदी पाठ
प्रस्तुतीकरण जहां कोई विशिष्ट स्थान निर्दिष्ट न हो।—ऐसा वचन-पत्र या विनिमय-पत्र, जो धारा 68 और 69 में बताए अनुसार देय नहीं बनाया गया है, भुगतान के लिए उसके निर्माता, आहारी (drawee) या स्वीकर्ता (acceptor) के व्यावसायिक स्थान पर (यदि कोई हो), या उनके सामान्य निवास स्थान पर प्रस्तुत किया जाना चाहिए।