Bills of Exchange Ordinance

(1)
Where a bill is payable after sight, presentment for acceptance is necessary in
                order to fix the maturity of the instrument.
(2)
Where a bill expressly stipulates that it shall be presented for acceptance, or
                where a bill is drawn payable elsewhere than at the place of business or residence
                of the drawee, it must be presented for acceptance before it can be presented for
                payment.
(3)
In no other case is presentment for acceptance necessary in order to render
                liable any party to the bill.
(4)
Where the holder of a bill, drawn payable elsewhere than at the place of
                business or residence of the drawee, has not time, with the exercise of reasonable
                diligence, to present the bill for acceptance before presenting it for payment on
                the day that it falls due, the delay caused by presenting the bill for acceptance
                before presenting it for payment is excused, and does not discharge the drawer and
                indorsers.
[cf. 1882 c. 61 s. 39 U.K.]