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Convention Providing a Uniform Law For Bills of Exchange and Promissory Notes
(Geneva, 1930) The League of Nations
copy @ Lex Mercatoria
After the expiration of the limits of time fixed:
For the presentment of a bill of exchange drawn at sight or at a fixed period after sight;
For drawing up the protest for non-acceptance or non-payment;
For presentment for payment in the case of a stipulation retour sans frais, the holder loses his rights of recourse against the endorsers, against the drawer and against the other parties liable, with the exception of the acceptor.
In default of presentment for acceptance within the limit of time stipulated by the drawer, the holder loses his right of recourse for non-payment, as well as for non-acceptance, unless it appears from the terms of the stipulation that the drawer only meant to release himself from the guarantee of acceptance.
If the stipulation for a limit of time for presentment is contained in an endorsement, the endorser alone can avail himself of it.
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