(a) Presentment for payment or acceptance of an instrument is excused if (i) the person entitled to present the instrument cannot with reasonable diligence make presentment, (ii) the maker or acceptor has repudiated an obligation to pay the instrument or is dead or in insolvency proceedings, (iii) by the terms of the instrument presentment is not necessary to enforce the obligation of indorsers or the drawer, (iv) the drawer or indorser whose obligation is being enforced has waived presentment or otherwise has no reason to expect or right to require that the instrument be paid or accepted or (v) the drawer instructed the drawee not to pay or accept the draft or the drawee was not obligated to the drawer to pay the draft.
(b) Notice of dishonor is excused if (i) by the terms of the instrument notice of dishonor is not necessary to enforce the obligation of a party to pay the instrument or (ii) the party whose obligation is being enforced waived notice of dishonor. A waiver of presentment is also a waiver of notice of dishonor.
(c) 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 the person giving the notice exercised reasonable diligence after the cause of the delay ceased to operate.
Structure West Virginia Code
Chapter 46. Uniform Commercial Code
Article 3. Negotiable Instruments
§46-3-104. Negotiable Instrument
§46-3-105. Issue of Instrument
§46-3-106. Unconditional Promise or Order
§46-3-107. Instrument Payable in Foreign Money
§46-3-108. Payable on Demand or at Definite Time
§46-3-109. Payable to Bearer or to Order
§46-3-110. Identification of Person to Whom Instrument Is Payable
§46-3-114. Contradictory Terms of Instrument
§46-3-115. Incomplete Instrument
§46-3-116. Joint and Several Liability; Contribution
§46-3-117. Other Agreements Affecting Instrument
§46-3-118. Statute of Limitations
§46-3-119. Notice of Right to Defend Action
§46-3-202. Negotiation Subject to Rescission
§46-3-203. Transfer of Instrument; Rights Acquired by Transfer
§46-3-205. Special Indorsement; Blank Indorsement; Anomalous Indorsement
§46-3-206. Restrictive Indorsement
§46-3-301. Person Entitled to Enforce Instrument
§46-3-302. Holder in Due Course
§46-3-303. Value and Consideration
§46-3-305. Defenses and Claims in Recoupment
§46-3-306. Claims to an Instrument
§46-3-307. Notice of Breach of Fiduciary Duty
§46-3-308. Proof of Signatures and Status as Holder in Due Course
§46-3-309. Enforcement of Lost, Destroyed, or Stolen Instrument
§46-3-310. Effect of Instrument on Obligation for Which Taken
§46-3-311. Accord and Satisfaction by Use of Instrument
§46-3-312. Lost, Destroyed, or Stolen Cashier's Check, Teller's Check or Certified Check
§46-3-402. Signature by Representative
§46-3-403. Unauthorized Signature
§46-3-404. Impostors; Fictitious Payees
§46-3-405. Employer's Responsibility for Fraudulent Indorsement by Employee
§46-3-406. Negligence Contributing to Forged Signature or Alteration of Instrument
§46-3-408. Drawee Not Liable on Unaccepted Draft
§46-3-409. Acceptance of Draft; Certified Check
§46-3-410. Acceptance Varying Draft
§46-3-411. Refusal to Pay Cashier's Checks, Teller's Checks and Certified Checks
§46-3-412. Obligation of Issuer of Note or Cashier's Check
§46-3-413. Obligation of Acceptor
§46-3-414. Obligation of Drawer
§46-3-415. Obligation of Indorser
§46-3-416. Transfer Warranties
§46-3-417. Presentment Warranties
§46-3-418. Payment of Acceptance by Mistake
§46-3-419. Instruments Signed for Accommodation
§46-3-420. Conversion of Instrument
§46-3-504. Excused Presentment and Notice of Dishonor
§46-3-505. Evidence of Dishonor
§46-3-601. Discharge and Effect of Discharge