This section of the book is from the "Canadian Banking Practice" book, by John T. P. Knight.
Question 148.— A cheque dated 15th December, 1901, has written across its face " payable 15th January, 1903." Does such a condition invalidate the cheque? If not, would the bank be justified in paying it before the 1st January, 1903?
Answer.—The crossing does not invalidate the instrument, but it is not a cheque; it is a Bill of Exchange payable on 15th January with three days grace, and the bank could not properly pay it before maturity.