Negotiable Instruments

Presentment to partners, joint debtors, where debtor is dead

Presentment to partners, joint debtors, where debtor is dead

Sec. 76. Presentment  where principal debtor is  dead. - Where  the person  primarily  liable  on  the  instrument  is  dead  and  no  place  of payment  is  specified,  presentment  for  payment  must  be  made  to his  personal  representative,  if  such  there  be,  and  if,  with  the exercise of reasonable diligence, he can be found.
 
Sec.  77.  Presentment  to  persons  liable  as  partners.  -  Where  the persons  primarily  liable  on  the  instrument  are  liable  as  partners and  no  place  of  payment  is  specified,  presentment  for  payment
may  be  made  to  any  one  of  them,  even  though  there  has  been  a dissolution of the firm.
 
Sec.  78.  Presentment  to  joint  debtors.  -  Where  there  are  several persons,  not  partners,  primarily  liable  on  the  instrument  and  no place of payment is specified, presentment must be made to them
all.

 

SECTIONS 76 TO 78 NOT APPLICABLE WHERE PLACE SPECIFIED

•      Applies only where there is no place specified
 

WHERE PERSON PRIMARILY LIABLE DEAD

•      Presentment must be made to the executor or administrator if there is one and if he can be found
•      The  holder  must  use  diligence  to  find  the  personal  representative  if there be one
•      The person primarily liable is dead, there is a personal representative, and  no  place  of  payment  indicated  in  the  instrument—if  there  is  a place indicated, then presentment should be done there
 
WHERE  PERSONS  PRIMARILY  LIABLE  ARE  PARTNERS  THE  PRESENMENT MUST BE MADE TO ANY ONE OF THEM
 
WHERE PERSONS PRIMARILY LIABLE ARE JOINT DEBTORS, PRESENTMENT MUST BE MADE TO ALL OF THEM

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