Post-Dated Promissory Note Bearing Date After Death Of Maker
This section is from the book "Canadian Banking Practice", by John T. P. Knight.
This section is from the "" book, by .
Post-Dated Promissory Note Bearing Date After Death Of Maker
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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