BILLS OF EXCHANGE ACT 1909 - SECT 15 Bill payable on demand
BILLS OF EXCHANGE ACT 1909 - SECT 15
Bill payable on demand(1) A bill is payable on demand:
(a) which is expressed to be payable on demand, or at sight, or on presentation; or
(b) in which no time for payment is expressed.
(2) 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.