# Bills of Exchange Act 1882, 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, or any indorser who so indorses it, be deemed a bill payable on demand.

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Source: https://www.legislation.gov.uk/ukpga/Vict/45-46/61/section/10 (the official version)
Page: https://openlegislation.uk/bills-of-exchange-act-1882/section-10
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.