ANNEX II
BILLS OF EXCHANGE.
No. 3 of 1885.
295
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 Ante-dating a bill is dated, the date shall, unless the contrary is proved, be
and post-dating. deemed to be the true date of the drawing, acceptance, or indorse-ment, 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 or any other general holiday.
*
14. Where a bill is not payable on demand, the day on which Computation it falls due is determined as follows:——
(1) 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 when the last day of grace is a general holiday other than Sunday, Christmas Day or Good Friday, or when the last day of grace and also the second day of grace are general holidays the bill is due and payable on the succeeding business day and provided also that when the last day of grace falls on a Sunday, Christmas Day or Good Friday which is not immediately preceded by another General Holiday the bill is due and payable on the preceding business day.
(2) where a bill is payable at a fixed period after date, after sight, or after the happening of a specified event, the time of payment is determined by excluding the day from which the time is to begin to run and by including the day of payment;
(3) where a bill is payable at a fixed period after sight, the time begins to run from the date of the acceptance if the bill is accepted, and from the date of noting or protest if the bill is noted or protested for non-acceptance or for non-delivery;
(4) the term month in a bill means calendar month.
of time of payment.
*
15. The drawer of a bill and any indorser may insert therein Referee in the name of a person to whom the holder may resort in case of case of need. need, that is to say, in case the bill is dishonoured by non-acceptance or non-payment. Such person is called the referee in case of need. It is in the option of the holder to resort to the referee in case of need or not, as he may think fit.
* As amended by No. 5 of 1912.
Page 5
Page 6