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The Negotiable Instruments Act, 1881

( ACT NO. XXVI OF 1881 )

Chapter II

OF NOTES, BILLS AND CHEQUES

Instruments payable on demand.
19. 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 indor-sing it.

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