Bills of Exchange Ordinance

Where a bill is not payable on demand, the day on which it falls due is determined as
follows—
(a)
the bill is due and payable in all cases on the last day of the time of payment as fixed by the bill or, if that is a general holiday, on the succeeding business day;
(Replaced
67 of 1972 s. 2
)
[cf. 1971 c. 80 s. 3(2) U.K.]
(b)
where a bill is payable at a fixed period after date, after sight, or after the happening of a specified event, the time of payment is determined by excluding the day from which the time is to begin to run and by including the day of payment;
(c)
where a bill is payable at a fixed period after sight, the time begins to run from the date of the acceptance if the bill is accepted, and from the date of noting or protect if the bill is noted or protested for non-acceptance or for non-delivery;
(d)
the term “
month
”
                
                in a bill means calendar month.
[cf. 1882 c. 61 s. 14 U.K.]