183. Date for repayment.

183.     Date for repayment.

Fixing a day for repayment does not generally indicate the parties' intention that actual payment is to be made on the named date, but only that the mortgagee may call for payment on or at any time after that date if so minded, but not before1. Any date can be chosen as the date for repayment but conventionally the date is six months from the date of the loan or deed, but it may be at the end of three months or any other period, or the loan may be made repayable upon