New Jersey § 12a:3-504

§ 12a:3-504.

a. Presentment for payment or acceptance of an instrument is excused if the person

entitled to present the instrument cannot with reasonable diligence make presentment,

the maker or acceptor has repudiated an obligation to pay the instrument or is dead

or in insolvency proceedings, by the terms of the instrument presentment is not necessary

to enforce the obligation of indorsers or the drawer, 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 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 by the terms of the instrument notice of dishonor

is not necessary to enforce the obligation of a party to pay the instrument, or 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.