Bills of Exchange Act · 2023 Revised Edition · Part 2
41. Rules as to presentment for acceptance and excuses for non-presentment
Official textFrom Attorney General's Chambers, unchanged
A bill is duly presented for acceptance which is presented in accordance with the following rules —
the presentment must be made by or on behalf of the holder to the drawee or to some person authorised to accept or refuse acceptance on his behalf at a reasonable hour on a business day and before the bill is overdue;
where a bill is addressed to two or more drawees, who are not partners, presentment must be made to them all, unless one has authority to accept for all, then presentment may be made to him only;
where the drawee is dead, presentment may be made to his personal representative;
where the drawee is bankrupt, presentment may be made to him or to his trustee or assignee;
where authorised by agreement or usage, a presentment through the post office is sufficient.
Presentment in accordance with these rules is excused, and a bill may be treated as dishonoured by non-acceptance —
acceptance
“acceptance” means an acceptance completed by delivery or notification;
where the drawee is dead or bankrupt, or is a fictitious person or a person not having capacity to contract by bill;
where, after the exercise of reasonable diligence, such presentment cannot be effected;
where, although the presentment has been irregular, acceptance has been refused on some other ground.
The fact that the holder has reason to believe that the bill, on presentment, will be dishonoured does not excuse presentment.
holder
“holder” means the payee or indorsee of a bill or note who is in possession of it, or the bearer thereof;
Terms defined in s 2
acceptance
Defined · s 2“acceptance” means an acceptance completed by delivery or notification;
Authority
Defined · s 2“Authority” means the Brunei Darussalam Central Bank established under section 3(1) of the Brunei Darussalam Central Bank Order, 2010;
bankrupt
Defined · s 2“bankrupt” includes any person whose estate is vested in a trustee or assignee under the law for the time being in force relating to bankruptcy;
holder
Defined · s 2“holder” means the payee or indorsee of a bill or note who is in possession of it, or the bearer thereof;
Part
Cheques on Banker
Part
Promissory Notes
Part