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Bills of Exchange Act · s 10
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Bills of Exchange Act · s 10
Tell us what is wrong in this text. We check every suggestion against the official version before we change anything.
A bill is payable on demand —
which is expressed to be payable on demand, or at sight, or on presentation; or
in which no time for payment is expressed.
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.