National State Bank v. Weil

Citations

• 141 Pa. 457
• 37 W.N.C. 278
• 21 A. 661
• 1891 Pa. LEXIS 1085

Syllabus

<p>1. What is a reasonable time in which a bank check must be presented lor payment, will depend upon the circumstances; upon the time, mode, and place of receiving the check, and the relations of the parties between whom the question arises: Muncy Bor. Soli. D. v. Commonwealth, 84 Pa. 464.</p> <p>2. A check, unlike a bill of exchange, is generally intended for immediate payment and not for circulation, and therefore it becomes the duty of the holder to present it for payment as soon as he reasonably may; he keeps it at his own peril, in case of the bank’s insolvency.</p> <p>3. The drawer of a bank check, the payee, and the bank upon which it is drawn, all residing or being in the same city, a delay in presenting the check for payment for three days after its date is unreasonable, and will throw upon the holder a loss arising from the bank’s suspension.</p>