Sec. 74.

Instrument must be exhibited The instrument must be exhibited to the person from whom payment is demanded, and when it is paid must be delivered up to the party paying it. Manner of presentment Presentment refers to the act of the holder of a negotiable instrument of exhibiting a note to the maker and demanding payments, or showing a bill to the drawee and requesting its acceptance or payment. A valid presentment consists of something more than a mere demand. It requires personal or face to face demand at the proper place, exhibiting the instrument to the maker or acceptor from whom payment is demanded. If the instrument is not exhibited, the presentment would be ineffectual as the debtor is entitled to see the instrument and demand its surrender upon payment, unless the maker or drawee does not require exhibition but refuses to pay it on some other ground Sec. 75. Presentment where instrument payable at bank. Where the instrument is payable at the bank, presentment for payment must be made during banking hours, unless the person to make payment has no funds there to meet it at any time during the day, in which case presentment at any hour before the bank is closed on that day is sufficient. Presentment where instrument payable at a bank Where an instrument is payable at the bank, it is equivalent to an order to the bank to make payment, for the account of the principal debtor. The banking hours in Metro Manila are from 9:00 AM to 3:00 PM, at least 6 hours, on all working days, from Monday to Friday. Normally, there are no banking hours on Saturday, Sundays and holidays except for some bank branches which are open on said days for at least 3 hours a day. During banking hours. If the instrument is payable at the bank and the person to make payment has funds in the bank to meet it on date of maturity, presentment must be made during banking hours. Presentment made during outside banking hours is not sufficient inasmuch as banks do not make payment outside of banking hours. Persons secondarily liable will be discharge.

Any time during the day. If the person to make payment has no funds in the bank to meet the payment any time during the day, presentment at any hour before the bank is closed is sufficient to hold persons secondarily liable. The reason is that even if presentment was made during baking hours, the instrument could not have been paid just the same. Before close of banking hours. The person to make payments has until the close of banking hours of the bank where the instrument is made payable in which to pay it, and if before the close such hours he deposits funds there enough to pay it, a demand earlier in the day is premature. Hence, the instrument is not considered dishonored though payment has been refused earlier in the day. Sec. 76. Presentment where principal debtor is dead. Where the person primarily liable on the instrument is dead, and no place of payment is specified, presentment for payment must be made to his personal representative, if such there be, and if with the exercise of reasonable diligence, he can be found. Presentment where principal debtor is dead This section and section 77 and 78 are applicable only if no place of payment is specified. If there is a place specified in the instrument, presentment should be made at such place. Sec. 77. Presentment to be liable as partners. Where the persons primarily liable on the instruments are liable as partners, and no place of payment is specified, presentment for payment may be made to any one of them, even though there has been a dissolution of the firm.

Presentment to person liable as partners. Each partner is an agent of the partnership or his partner. Hence, presentment may be made to any one of them