Bills of Exchange Ordinance

(1)
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 overdue, it shall, as regards the acceptor who so accepts or any indorser who so indorses it, be deemed a bill payable on demand.
[cf. 1882 c. 61 s. 10 U.K.]