Presentment for payment is one step necessary to charge an indorser with the obligation to pay.

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Presentment for payment is the process of making a demand for payment on a negotiable instrument (such as a check) by presenting it to the party obligated to pay. If the instrument is dishonored (i.e. not paid), the indorser can be held liable, but only if there was proper presentment for payment. Therefore, presentment for payment is a necessary step in charging an indorser with the obligation to pay.

Presentment for Payment Is One Step Necessary to Charge an Indorser