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Bills of Exchange Act, 1964 (Act No. 34 of 1964)

Chapter I

Bills of exchange - form and interpretation

8. When bill is payable on demand


(1) A bill is payable on demand—
(a) if it is expressed to be payable on demand, or at sight, or on presentation; or
(b) if no time for payment is expressed therein.


(2) If 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 to be a bill payable on demand.