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Section 9: Bill payable on demand

Bills Of Exchange Act · PART I: BILLS OF EXCHANGE

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.

9. Bill payable on demand (1) A bill is payable on demand— (a) where it is expressed to be payable on demand, or at sight, or on presentation; or (b) where 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 indorses it, be deemed a bill payable on demand.

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