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Page 388
Louisiana. Ch . 3 PART 5. DISHONOR ยง 3-501 . Presentment ( a ) " Presentment " means 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 ...
Louisiana. Ch . 3 PART 5. DISHONOR ยง 3-501 . Presentment ( a ) " Presentment " means 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 ...
Page 395
... presentment for payment is duly made to the drawee and the draft is not paid on the day of presentment . ( 3 ) If a draft is payable on a date stated in the draft , the draft is dishonored if ( i ) presentment for payment is duly made ...
... presentment for payment is duly made to the drawee and the draft is not paid on the day of presentment . ( 3 ) If a draft is payable on a date stated in the draft , the draft is dishonored if ( i ) presentment for payment is duly made ...
Page 396
... presentment ( Section 3-501 ) , and fre- quently presentment and notice of dishon- or are excused ( Section 3-504 ) . 2. In the great majority of cases pres- entment and notice of dishonor are waived with respect to notes . In most ...
... presentment ( Section 3-501 ) , and fre- quently presentment and notice of dishon- or are excused ( Section 3-504 ) . 2. In the great majority of cases pres- entment and notice of dishonor are waived with respect to notes . In most ...
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Common terms and phrases
acceptance acceptor accommodation party action agreement alleged American Law Reports amount Article Bank & Trust Bank of Louisiana Bills and Notes blank burden of proof cashier's check certificate claim comaker Commercial Laws consist of R.S. corporation Credit creditor debt defense demand demand note deposit depositary bank discharge draft drawee drawee bank drawer due course Edition or ULA effective failure of consideration forged form Commercial Code former Section fraud Historical and Statutory holder in due indorser instru La.Ann La.App liability Louisiana maker Master Edition maturity mortgage note negotiable instrument notary notes preceding R.S. notice of dishonor notice of protest obligation Orleans paid payee payee's payment person plaintiff Presumptions and burden Prior Laws promise promissory note purchase recover repealed seller signature signed Statutory Notes subject matter Subsection Table 1 preceding thereof tion transfer Uniform Commercial Code warranty Westlaw Electronic Research writ denied