Section 10: Bill payable at a future time
consolidated text (as at 2011, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
10. Bill payable at a future time
(1) A bill is payable at a determinable future time within the meaning of
this Act where it is expressed to be payable—
(a) at a fixed period after date or sight;
(b) on or at a fixed period after the occurrence of a specified event
which is certain to happen, though the time of happening may
be uncertain.
(2) An instrument expressed to be payable on a contingency is not a bill,
and the happening of the event does not cure the defect.