Samuel Blatchford

“ Triplett, 1 Pet. 25, 31: 'The allowance of days of grace is a usage which pervades the whole commercial world. It is now universally understood to enter into every bill or note of a mercantile character, and to form so completely a part of the contract that the bill does not become due, in fact or in law, on the day mentioned on its face, but on the last day of grace. A demand of payment previous to that day will not authorize a protest or charge the drawer of the bill. ”

“ The principle deducible from all the authorities is that, as to every bill not payable on demand, the day on which payment is to be made to prevent dishonor, is to be determined by adding three days of grace, where the bill itself does not otherwise provide, to the time of payment as fixed by the bill. ”

“ Acceptances like those in question, made upon bills payable so many days after sight, are of rare occurrence. But no reported case has been found in England or in this country where such an acceptance has been held to have included, by mere force of its words, ex vi termini, the days of grace. ”