Section 10
Bill payable on demand
ActIn forceProvision 10 of 107
Section 10
(1)
A bill is payable on demand—
14 Laws of Malaysia ACT 204
(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 indorsers it, be deemed a bill payable on demand.