Get 5 Ways To Respond To A Presentment Or Draft

pre·​sent·​ment pri-ˈzent-mənt. 1. : the act of presenting to an authority a formal statement of a matter to be dealt with. specifically : the notice or accusation of an offense by a grand jury on the initiative of the jury members or on the basis of their own knowledge without a bill of indictment laid before them.

The Uniform Commercial Code § 3-501 defines Presentment as: “a demand made by or on behalf of a person entitled to enforce an instrument (i) to pay the instrument made to the drawee or a party obliged to pay the instrument or, in the case of a note or accepted draft payable at a bank, to the bank, or (ii) to accept a ...

(2) Upon demand of the person to whom presentment is made, the person making presentment must (i) exhibit the instrument, (ii) give reasonable identification and, if presentment is made on behalf of another person, reasonable evidence of authority to do so, and (iii) sign a receipt on the instrument for any payment ...

presentment n 1 : the act of presenting to an authority a formal statement of a matter to be dealt with. ;specif. : the notice or accusation of an offense by a grand jury on the initiative of the jury members or on the basis of their own knowledge without a bill of indictment laid before them.

By any commercially reasonable means. Through a clearinghouse procedure. At a place designated in the instrument. By any commercially reasonable means, through a clearinghouse procedure, or at a place designated in the instrument.

Presentment for acceptance or payment may be made to the duly authorised agent of the drawee, maker or acceptor, as the case may be, or, where the drawee, maker or acceptor has died, to his legal representative, or, where he has been declared an insolvent, to his assignee.

Presentment: The written notice taken by a grand jury of any offence, from their own knowledge or observation, without any bill of indictment laid before them at the suit of the government upon such presentment, when 'proper, the officer emloyed to prosecute, afterwards frames a till of indictment, which is then sent ...