Sec. 103. Where parties reside in same place. - Act 2031

Where the person giving and the person to receive notice reside in the same place, notice must be given within the following times:
(a) If given at the place of business of the person to receive notice, it must be given before the close of business hours on the day following. 
(b) If given at his residence, it must be given before the usual hours of rest on the day following. 
(c) If sent by mail, it must be deposited in the post office in time to reach him in usual course on the day following. (Negotiable Instruments Law; Act 2031)

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