Question 32. - Would a promissory note made payable "on or before 1st July" come within the terms of the Bills of Exchange Act?

Answer. - We think such a note is "payable at a determinable future time, within the meaning of the Act," and that it therefore comes within its terms. The case of De Braam v. Ford, threw some doubt on this, but the judgment of the Court of Appeal in the same case clears the matter up.