This section is from the book "Canadian Banking Practice", by John T. P. Knight.
This section is from the "" book, by .
Question 59. - Will you kindly give me a ruling on the following which has arisen in this office:
A cheque, on the usual cheque form, was presented on the 15th of September, the cheque itself was dated the 17th, therefore being post-dated by two days. Should this cheque have days of grace, or, in other words, is it payable on the 17th or 20th of September? I do not think there has been any ruling either in the English or Canadian courts as to this, and, moreover, there seems to be considerable difference of opinion regarding this point. In the Gilbert Lectures delivered by Sir John Paget in London, Eng., a year ago, the lecturer was in considerable doubt as to whether the cheque should bear days of grace or not.
Answer. - A cheque is payable on demand; there are no days of grace on a demand bill and the cheque described should be honoured on presentation on the 17th or after. The fact that it had been previously presented does not affect the matter in any way.
 
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