Presentment is excused where the acceptor is undergoing bankruptcy.

Name: Presentment is excused where the acceptor is undergoing bankruptcy.
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Question

Quizplus · Accepted Answer

Under the bankruptcy law, a bankruptcy estate is created and all the property of the bankrupt comes within the control of the bankruptcy court. Therefore, presentment to the acceptor is excused when they are undergoing bankruptcy, as they are not able to pay their debts.

Presentment Is Excused Where the Acceptor Is Undergoing Bankruptcy