Section 3--505. Rights of Party to Whom Presentment Is Made

(1) The party to whom presentment is made may without dishonor require
         (a) exhibition of the instrument; and
         (b) reasonable  identification  of  the person making presentment
             and evidence of his authority to make it if made for another;
             and
         (c) that the instrument be produced for acceptance or payment  at
             a  place  specified  in  it, or if there be none at any place
             reasonable in the circumstances; and
         (d) a signed receipt on the instrument for any  partial  or  full
             payment and its surrender upon full payment.
    (2)  Failure  to  comply  with  any  such  requirement invalidates the
  presentment but the person presenting has a reasonable time in which  to
  comply  and  the  time  for  acceptance or payment runs from the time of
  compliance.