Rules Governing Presentation of a Bill of Exchange for Payment

(b) the destruction does not affect the rights, powers, obligations and responsibilities of any person in relation to the invoice concerned; and (3) if the dealer takes over more than one party and such accepted coins fall into the hands of different owners in due course, he shall be responsible for each of such coins as a separate bill of exchange. 161 The obligations of the holder in respect of the production of a bill of exchange for acceptance or payment and the necessity or sufficiency of a protest or declaration of dishonour shall be determined by the law of the place where the act is performed or the invoice is not honoured. (4) If there is no protest against a foreign invoice as required by this section, the drafters and endorsers shall be returned. (3) If an accommodation bill is paid by the person accommodated on time, the bill is paid. 122 Where an unhonoured invoice is approved or is to be contested and the services of a notary cannot be used at the place where the invoice is not redeemed, any justice of the peace residing in that place may produce the invoice and protest and make all necessary notices and has all the necessary powers of a notary in respect of the invoice. Section 89 (1) If the place of payment indicated on the invoice or acceptance is a city, town or village and no place is indicated therein, and the bill of exchange is presented at the known place of business or habitual residence of the drawer or acceptor and there is no such place of business or residence, The bill of exchange must be presented at the post office or the main post office in that city. City or village, such a presentation is sufficient. (a) the person making the report is deceased or a fictitious person or incapable person; Section 116 (1) If an unhonoured invoice has been accepted as an honour subject to reservation or if it contains notice if necessary, it shall be contested for non-payment before being submitted to the acceptor for payment or, if necessary, to the arbitrator for payment. 119 If an invoice is lost or destroyed, or wrongly or accidentally withheld by the person entitled to hold it, or accidentally kept in a place other than where it is payable, a protest may be made to a copy or written information. (3) Delay in presentation or non-appearance shall be excused by any circumstance which, in case of acceptance by a drawer, would excuse late payment or non-appearance for payment.

(2) If an invoice has been duly noted, the formal protest may be extended at any time thereafter from the date of registration. 41 In any event, where an invoice is not payable on demand, three days, known as grace periods, are added to the payment period specified in the invoice, unless the invoice itself provides otherwise, and the invoice is due and payable on the last day of leniency, but each time the last day of leniency falls on a legal or extrajudicial day in the province. in which such a bill is to be paid, The next day, which is not a holiday or a day not legal in this province, is the last day of grace. Simply put, the acceptance of a bill of exchange is a guarantee of payment granted by the drawer on the order of the drawer. Acceptance is vital, because without it, the signer of the bill of exchange is not legally obliged to make payment on an invoice addressed to him. Each bill of exchange involves two or three parties: (b) if it is past due or after it has not been honoured by prior refusal of acceptance or non-payment. Section 86 (1) A bill of exchange shall be presented by the holder or by a person authorized to receive payment on his behalf at the place specified in section 87 and either to the person designated by the bill of exchange as payer or to a person authorized to pay on his behalf or to refuse payment, to be executed. whether, in exercising due diligence, such a person may be present. (2) A bill of exchange may be addressed to two or more drawings, whether associated or not, but a resolution addressed alternately to two consignees or to two or more consignees one after the other is not a bill of exchange.

11 If an invoice or bill of exchange presented for acceptance or payable outside Canada is contested for non-acceptance or non-payment, a notarized copy of the protest and notice of dishonour and a notarized certificate of service of the notice must be received in all courts as evidence of the protest, of service and service. 83 (1) If a qualified acceptance is made and the designer or endorser has not expressly or implicitly authorized the holder to accept a qualified acceptance or does not subsequently consent to it, the designer or endorser is released from liability on the invoice. (4) In order to engage the liability of the addressee of a bill of exchange, it is not necessary for him to be informed of the dishonour. Section 27 (1) The amount to be paid by bill of exchange is a certain amount within the meaning of this Law, although it is due, (d) the drawer or acceptor is not bound to accept or pay the invoice in his relationship with the subscriber; or 141 (1) If the holder of a bill of exchange absolutely and unconditionally waives his or her rights in respect of the acceptor on or after the due date, the bill of exchange shall be executed.