Singapore legislation

Section 10

of Bills of Exchange Act 1949

Section 10

Bill payable on demand

(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 it, or any indorser who so indorses it, be deemed a bill payable on demand.

Read in full context — Bills of Exchange Act 1949 →