Sec. 7. When payable on demand. - Act 2031

An instrument is payable on demand:

(a) When it is so expressed to be payable on demand, or at sight, or on presentation; or
(b) In which no time for payment is expressed.

Where an instrument is issued, accepted, or indorsed when overdue, it is, as regards the person so issuing, accepting, or indorsing it, payable on demand. (Negotiable Instruments Law; Act 2031)

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