220 LAWS OF MARYLAND.

closes the name of his principal, and the fact that he is acting
only as agent.

CHAPTER VII.

PRESENTMENT FOR PAYMENT.
Index to Chapter VII,

89. Effect of want of demand on principal debtor. 80. Presentment where instrument is not payable on demand. 91. What constitutes a sufficient presentment. 92. Place of presentment. 93. Instrument must be exhibited. 94. Presentment where instrument payable at bank. 95. Presentment where principal debtor is dead. 96. Presentment to persons liable as partners. 97. Presentment to joint debtors. 98. When presentment not re- quired to charge the drawer.

99. When presentment not re- quired to charge the iudorser. 100. When delay in making pre- sentment is excused. 101. When presentment may be dispensed with. 102. When instrument dishonored by non-payment. 103. Liability of person secondarily liable, when instrument dis- honored. 104. Time of maturity. 105. Time; how computed. 106. Rule where instrument paya- ble at bank. 107. What constitutes payment in due course.

89. Presentment for payment is not necessary in order to
charge the person primarily liable On the instrument; but if
the instrument is, by its terms, payable at a special place, and
he is able and willing to pay it there at maturity, such ability
and willingness are equivalent to a tender of payment upon
his part. But except as herein otherwise provided, present-
ment for payment is necessary in order to charge the drawer
and indorsers.

90. Where the instrument is not payable on demand, pre-
sentment must be made on the day it falls due. Where it is
payable on demand, presentment must be made within a reason-
able time after its issue, except that in the case of a bill of
exchange, presentment for payment wiil be sufficient if made
within a reasonable time after the last negotiation thereof.

91. Presentment for payment, to be sufficient, must be made :

1. By the holder, or by some person authorized to receive
payment on his behalf ;

2. At a reasonable hour on a business day ;

3. At a proper place, as herein defined;

4. To the person primarily liable on the instrument, or, if he
is absent or inaccessible, to any person found at the place where
the presentment is made.

92. Presentment for payment is made at the proper place :