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Moon phases

Natorial Protest

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Natorial Protest

Post by LionsShare on Sun Dec 10, 2017 5:49 pm

Afternoon all,

This posting is purely FYI:

Here is an example of a natorial protest, this came from:

at 51:16 out of a total length of 1:05:34

Under The Bills Of Exchange for non-acceptence

I [Insert Your : Name] (Your Ref: [insert ref’ here]) hereby serve notice of protest to [insert name of recipient Co], there being no notary public available, witnessed by 2 witnesses present on the day of [insert date] when the notice protest was drawn.

From which a payment of £[insert amount] was paid in full with honour as a negotiable instrument signed by my endorsement at demand payment of the bill of exchange to [insert name of recipient Co] who dishonoured the bill or note through non-acceptance.. And I now protest the said bill of exchange.

42 Non-acceptance.

When a bill is duly presented for acceptance and is not accepted within the customary time, the person presenting it must treat it as dishonoured by non-acceptance. If he do not, the holder shall lose his right of recourse against the drawer and indorsers.

43 Dishonour by non-acceptance and its consequences.

(1)A bill is dishonoured by non-acceptance—

(a)when it is duly presented for acceptance, and such an acceptance as is prescribed by this Act is refused or cannot be obtained; or

(b)when presentment for acceptance is excused and the bill is not accepted.

(2)Subject to the provisions of this Act when a bill is dishonoured by non-acceptance, an immediate right of recourse against the drawer and indorsers accrues to the holder, and no presentment for payment is necessary.

[Insert Your : Name]                     Sign                          Date

Witness 1 Print                      Sign                          Date

Witness 2 Print                     Sign                          Date

N.B. – The bill itself should be annexed or a copy of the bill & all that is written thereon should be underwritten.
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