LLOYD LOWNDES, ESQUIRE, GOVERNOR. 207

"Instrument" means negotiable instrument.

"Issue" means the first deliver}' of the instrument, com-
plete in form to a person who takes it as a holder.

" Person " includes a body of persons, whether incorporated
or not.

"Value " means valuable consideration.

"Written" includes printed, and "writing" includes
print.

15. The person " primarily " liable on an instrument is the
person who by the terras of the" instrument is absolutely re-
quired to pay the same. All other parties are " secondarily "
liable.

16. In determining what is a "reasonable time" or an "unrea-
sonable time," regard is to be had to the nature of the instru-
ment, the usage of trade or business, (if any,) with respect to
such instruments, and the facts of the particular case.

17. Where the day, or the last day, for doing any act herein
required or permitted to be done falls on Sunday or on a holi-
day, the act may be done on the next succeeding secular or
business day.

18. The provisions of this Act do not apply to negotiable
instruments made and delivered prior to the passage hereof.

19. In any case not provided for in this Act, the rules of
the law merchant shall govern.

Upon the adoption of this Act, all laws inconsistent with
the provisions hereof are hereby expressly repealed.

CHAPTER II.

NEGOTIABLE INSTRUMENTS IN GENERAL. FORM AND INTER-
PRETATION.
Index to Chapter II.

20. Form of negotiable instruments. 21. Certainty as to sum ; what con- stitutes. 22. When promise is unconditional. 23. Determinable future time; what constitutes. 24. Additional provisions not af- fecting negotiability. 25. Omissions ; seal ; particular money. 26. When payable on demand. 27. When payable to order. 28. When payable to bearer. 29. Terms when sufficient. 30. Date of ; presumption as to. 31. Ante-dated and post-dated. 32. When date may be inserted. 33. Blanks, when may be filled.

34. Incomplete instrument not de- livered. 35. Delivery ; when effectual ; when presumed. 36. Construction where instrument is ambiguous. 37. Liability of person signing in trade or assumed name. 38. Signature by agent; authority; how shown. 39. Liability of person signing as agent, et cetera. 40. Signature by 'procuration; effect of. 41. Effect of indorsement by infant or corporation. 42. Forged signature ; effect of.