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Section 21 – The Negotiable Instruments Act, 1881

The Negotiable Instruments Act, 1881

 

21. “At sight”, “On presentment”, “After sight”.-

 

In a promissory note or bill of exchange the expressions “at sight” and “on presentment” means on demand. The expression “after sight” means, in a promissory note, after presentment for sight, and, in a bill of exchange after acceptance, or noting for non-acceptance, or nothing for non-acceptance, or protest for non-acceptance.

 

 

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The Negotiable Instruments Act, 1881

 

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