NIL FINAL EXAM MAY 2021

Presentment for (a)   is the exhibition of a bill of exchange to the drawee for his acceptance or payment.

When Saturday is not a holiday, presentment may be made before (a)   on that day

(a)   is an undertaking by a stranger to a bill after protest for the benefit of any party liable thereon.

(a)   is payment made by a person, whether a party to the bill or not, after it has been protested for non-payment, for the benefit of any party liable thereon.

Where a bill is paid for honor, all parties subsequent to the party for whose honor it is paid are (a)   .

A bill in a (a)   is one composed of several parts, each part being numbered and containing a reference to the other parts.

Where two or more parts of a set are negotiated to different holders in due course, the holder whose title first accrues is the true (a)   thereof.

Where any one part of a bill drawn in a set is discharged by payment or otherwise, the whole bill is (a)   .

Protest may be made by a (a)   or any respectable resident of the place where the bill is dishonored.

Protest for (a)   is made by the holder of a bill after it has been accepted but before it matures, against the drawer and indorsers, where the acceptor has been adjudged an insolvent.