499 Presentment for Payment not Excused by Request from Drawee to
Description
This section of the book is from the "Canadian Banking Practice" book, by John T. P. Knight.
499 Presentment for Payment not Excused by Request from Drawee to
Return the Bill before Maturity.
Question 509.— A has accepted a draft held for collection by Bank C, payable at Bank B, and the clay before it falls due he instructs Bank C to return it to the drawers unpaid. Should Bank C present it at Bank B before returning ?
Answer.—A's request should not excuse Bank C from duly presenting the bill on the day of maturity.
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