BILLS OF EXCHANGE ACT 1882 - SECT 10 Bill payable on demand.

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BILLS OF EXCHANGE ACT 1882 - SECT 10

Bill payable on demand.

10.(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.

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Northern Irish Legislation

BILLS OF EXCHANGE ACT 1882 - SECT 10