19: Instruments payable on demand — Negotiable Instruments Act, 1881

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A promissory note or bill of exchange is payable on demand, (a) where it is expressed to be so, or to be payable at sight or on presentment; or (b) where no time for payment is specified in it ; or (c) where the note or bill accepted or indorsed after it is overdue, as regards the person accepting or indorsing it.]

Effective date: 1881-12-09

Related sections

18: Where amount is stated differently in figures and words 20: Inchoate stamped instrument 17: Ambiguous instruments 21: “At sight” “On presentment” “After sight”16: Indorsement “in blank” and “in full”21A: When note or bill payable on demand is overdue

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