Sight

1. Presence, q. v. 2.

Presentment

Bills of exchange and drafts are fi-equently drawn at sight or a certain number of days after sight. In the former case the paper is called a sight bill or sight draft, payable on presentment. Deposits are received by banks subject to sight drafts. 'Challiss V. Parker, 11 Kan. 391 (1873): Webster's Diet. As to power to make, see Attorney-General v. Boston, 142 Mass. 304 (1886). ' City of Kokomo v. Mahan, 100 Ind. 843 (1884). 'Dickinson o. City of Worcester, 138 Mass. 562 (1886). «Pequignot v. City of Detroit, 16 F. R. 211 (1883); O'Neil V. City of Detroit, 50 Mich. 133 (1883). 'District of Columbia v. Armes, 107 U. S. 535-86 (1883), cases. » 2 Dillon, Munic. Corp. § 1006, cases; Chase v. Cleveland, 44 Ohio St. 515, 609-11 (1886), cases; Boulder v. Niles, 9 Col. 415 (1886); Taylor v. Yonkers, 105 N. T. 305 (1887), cases; -17 How. 169; 32 Iowa, 328; 97 Mass. Bills payable at sight are entitled to days of grace ■ by the law-merchant; but statutes may have changed that law. The holder of such paper must use due diligence to put it into circulation. The holder of paper payable after sight must present it within reasonable time."

See ExoHANSE, 2, Bill of.