Report No. 11
14. Instruments payable on demand.-
An instrument is payable on demand-
(a) where it is expressed to be payable on demand, or at sight, or on presentment;1 or
[Section 21, earlier half]
(b) where no time for payment is specified therein; or
[Section 19, part]
(c) where the instrument is a cheque; or
[Section 19, part]
(d) where the instrument is issued, accepted or indorsed after it is overdue, as regards the person so issuing, accepting or indorsing.2
(Section 35, para. 2, modified]
1. See section 10(1)(a), BEA.
2. See section 10(2), BEA.
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