 An instrument is payable on demand: 1. Where it is expressed to be payable on demand, or at sight, or on presentation; or 2. In which no time for payment is expressed. Where an instrument is issued, accepted, or indorsed when overdue, it is, as regards...  Acts of the State of Ohio - Page 171by Ohio - 1902Full view - About this book
 | American Institute of Banking - Banks and banking - 1925 - 360 pages
...time when a bill will be due, or no one would take it. An instrument is payable on demand (1) where it is expressed to be payable on demand, or at sight, or on presentation; or (2) where no time of payment is stated. An instrument is payable at a fixed time if it says, for example,... | |
 | Thomas Bugard Paton - Banking law - 1926 - 1408 pages
...Negotiable Instruments Law: "§ 7 Payable on Demand. An instrument is payable on demand (1) where it ie expressed to be payable on demand, or at sight, or on presentation, or (2) m which no time for payment is expressed. . . ." "§ 136 Time Allowed For. The drawee is allowed twenty-four... | |
 | California Bar Association - Bar associations - 1912 - 602 pages
...consideration to be stated in the instrument. 3088. An 'instrument is payable on demand : — (1) Where it is expressed to be payable on demand, or at sight,...issuing, accepting, or indorsing it, payable on demand. 3089. The instrument is payable to order where it is drawn payable to the order of a specified person... | |
 | California - Civil law - 1927 - 690 pages
...be stated in the instrument. 1917 — 1534. 3088. An instrument is payable on demand — (1) Where it is expressed to be payable on demand, or at sight,...issuing, accepting, or indorsing it, payable on demand. 1917 — 1534. 3089. The instrument is payable to order where it is drawn payable to the order of a... | |
 | Melville Madison Bigelow - Negotiable instruments - 1928 - 680 pages
...it is expressed to be paid on demand, or at sight, or on presentation ; or " 2. In which no time of payment is expressed. " Where an instrument is issued,...issuing, accepting, or indorsing it, payable on demand." The section as quoted seems a quite satisfactory answer to the question when is the instrument payable... | |
 | Olin W. Smith - Bar examinations - 1928 - 388 pages
...entire day is not a holiday. (CC 3166.) Ques. When is an instrument payable on demand ? Ans. Where it is expressed to be payable on demand or at sight, or on presentation, or in which no time for payment is expressed. Where an instrument is issued, accepted or indorsed, when... | |
 | Melville Madison Bigelow - Negotiable instruments - 1928 - 682 pages
...issue the holder is not deemed a holder in due course." 1 "An iustrument is payable on demand where it is expressed to be payable on demand, or at sight, or on presentation." NIL § 7 (1). CHAPTER VIII FORMAL REQUISITES (CONTINUED) 4. THE PROMISE TO PAY § 105. The promise... | |
 | American Bar Association - Bar associations - 1887 - 464 pages
...at the rate of six per centum per annum. SEC. 10. (1) That a bill is payable on demand — (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... | |
 | United States - Law - 1962 - 810 pages
...stated in the instrument. § 4307. Payable on demand An instrument is payable on demand : (1) where it is expressed to be payable on demand, or at sight,...issuing, accepting, or indorsing it, payable on demand. § 4308. Payable to order The instrument is payable to order where it is drawn payable to the order... | |
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