“Presentment for acceptance must be made to the acceptor within a reasonable time after receipt by the payee or indorsee.”

“Thus an indorsee of the cheque could not claim payment under it.”

“An indorsement in blank is one in which the indorser does not designate a specific person as the one to whom the bill is to be payable.”

“The reason for this is that bankers' drafts are made payable to the payee's order, which means that transfer can be effected only by means of the payee's genuine indorsement.”

“The provision does not assume that, if in its original tenor the cheque is payable to bearer, it cannot be changed to an order instrument by a special indorsement.”