Section 10Part 2 — Bills of Exchange
Bill payable on demand
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A bill is payable on demand —
which is expressed to be payable on demand, at sight or on presentation; or
in which no time for payment is expressed.
Where a bill is accepted or indorsed when it is overdue it shall, as regards the acceptor who so accepts, or any indorser who so indorses it, be deemed a bill payable on demand.
Defined Terms
payable on demand