760

Omission of
date in till
pavable after
date.

Ante-dating
and post-
dating.

Computation
of time of
payment.

Ch. 31. No. 5.] Bills of Exchange.

An instrument expressed to be payable on a contingency
is not a bill, and the happening of the event does not cure
the defect.

12. Where a bill expressed to be payable at a fixed period
after date is issued undated, or where the acceptance of a
bill payable at a fixed period after sight is undated, any
holder may insert therein the true date of issue or acceptance
and the bill shall be payable accordingly:

Provided that (a) where the holder in good faith and by
mistake inserts a wrong date, and () in every case where a
wrong date is inserted, if the bill subsequently comes into
the hands of a holder in due course, the bill shall not be
avoided thereby, but shall operate and be payable as if the
date so inserted had been the true date.

13. (1) Where a bill or an acceptance or any indorsement
on a bill is dated, the date shall, unless the contrary be
proved, be deemed to be the true date of the drawing,
acceptance, or indorsement, as the case may be.

(2) A bill is not invalid by reason only that it is
ante-dated or post-dated, or that it bears date on a Sunday.

14. Where a bill is not payable on demand, the day on
which it falls due is determined as follows :—

(a) three days, called days of grace, are, in every
case where the bill itself does not otherwise provide,
added to the time of payment as fixed by the bill, and
the bill is due and payable on the last day of grace:
Provided that

(1) when the last day of grace falls on Sunday,
Christmas Day, or Good Friday, the bill is, except
in the case hereinafter provided for, due and
payable on the preceding business day;

(ii) when the last day of grace is a public
holiday (other than Christmas Day or Good
lriday), or when the last day of grace is a Sunday
and the second day of grace is a public holiday, the
bill is due and payable on the succeeding business
day ;