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Free Books / Finance / Canadian Banking Practice / |  |
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Post-Dated Promissory Note Bearing Date After Death Of Maker |
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This section is from the book "Canadian Banking Practice", by John T. P. Knight.
This section is from the "" book, by .
Question 60. - Is a note in the following form collectible from the estate of the maker if he should die before March 18th, 1918?
$200. March 18th, 1918.
Two months after date for value received I promise to pay to the order of John Smith at the office of the........Bank,
St. John, two hundred........dollars.
John Brown.
Answer. - A note is not invalid by reason of its being postdated, and the amount is recoverable from the estate of the maker. See section 27, Bills of Exchange Act.
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