presentment and demand
Defined in 1 dictionary — Case Law
Definitions from Case Law
From 75 U.S. 641 - Chicopee Bank v. Philadelphia Bank · 1869Most cited · 6 citing opinions
In cases where the drawee accepts the bill, generally, in order to charge the drawer or indorser, the holder must present the paper, when due, at his place of business, if he has one, if not, at his dwelling or residence, and demand payment; and, if the money is not paid, give due notice to the prior parties. In these instances, as a general rule, the bill must be present when the demand is made, as in case of payment the acceptor is entitled to it as his voucher.