Section 19Instruments payable on demand.

s. 19

19. Instruments payable on demand 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.