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Can you summarize NVRS 104.3504?
Uniform Commercial CodeOriginal Articles > Excused presentment and notice of dishonor.
Short Summary
This provision, found in the Nevada Revised Statutes under the Uniform Commercial CodeOriginal Articles, pertains to the excusal of presentment for payment or acceptance of an instrument, as well as the excusal of notice of dishonor. Presentment for payment or acceptance may be excused if the person entitled to present the instrument cannot do so with reasonable diligence, if the maker or acceptor has repudiated the obligation to pay or is deceased or in insolvency proceedings, if presentment is not necessary to enforce the obligation of endorsers or the drawer as per the instrument’s terms, if the drawer or endorser has waived presentment or has no reason to expect or require payment, or if the drawer instructed the drawee not to pay or accept the draft or the drawee was not obligated to the drawer. Notice of dishonor may be excused if it is not necessary to enforce the obligation of a party or if the party has waived notice. Delay in giving notice of dishonor is excused if the delay was caused by circumstances beyond the control of the person giving the notice and reasonable diligence was exercised after the cause of the delay ceased to operate.
Whom does it apply to?
Parties involved in commercial instruments and transactions governed by the Uniform Commercial CodeOriginal Articles in Nevada
What does it govern?
Excused presentment and notice of dishonor
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No penalties are mentioned.
Jurisdiction
Nevada