Under what circumstances can a delay in presentation be excused according to the Act.

CA Foundation · Business Laws · PYQS · September 2025
Under what circumstances can a delay in presentation be excused according to the Act.

Suggested Answer and Working Notes:

(a) (B) Excuse for delay in presentment for acceptance or payment (Section 75A) Delay in presentment for acceptance or payment is excused if the delay is caused by circumstances beyond the control of the holder, and not imputable to his default, misconduct or negligence. When the cause of the delay ceases to operate, presentment must be made within a reasonable time.

Topics: The Negotiable Instruments Act, 1881

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