Malaysia legislation

Section 10

of *BILLS OF EXCHANGE ACT 1949

Section 10

Act, although it is required to be paid—

(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.

Bill payable at a future time

Read in full context — *BILLS OF EXCHANGE ACT 1949 →