The Negotiable Instruments Act

''Promissory note''

''Bill of exchange''

''Cheque''

''Drawer.'

''Holder''

''Holder in due course''

''Payment in due course''

Inland instrument

Foreign instrument

''Negotiable instrument''

Negotiation

Indorsement

Indorsement ''in blank'' and ''in full''

Ambiguous instruments

Where amount is stated differently in figures and words

Instruments payable on demand

Inchoate stamped instruments

''At sight''

''Maturity''

Calculating maturity of bill or note payable so many months after date or sight

Calculating maturity of bill or note payable so many days after date or sight

When day of maturity is a holiday


OF NOTES, BILLS AND CHEQUES


The maturity of a promissory note or bill of exchange is the date at which it falls
due.

Days of grace.--Every promissory note or bill of exchange which is not expressed to be payable on
demand, at sight or on presentment is at maturity on the third day after the day on which it is expressed to
be payable.


LAWGIST

# 22 ''Maturity''