Question 341 - We hold for safekeeping notes of a man now deceased. He appointed as his executors a trust company. There has been delay in taking out the administration papers. The makers of the notes have offered to pay the notes at their maturity. They now decline to pay subsequent interest. Can interest be collected from the date of maturity on the past due notes when the executors are ready to receive the money?

Answer. - No; payment of a note being tendered at maturity at the place where it is payable, interest ceases to accrue.