Definition of DEMAND NOTE in Black's Law Dictionary 4th Edition – Legal dictionary – Glossary of legal terms.
Definition of DEMAND NOTE
A note which expressly states that it is payable on demand, on presentation or at sight; a note in which no time for payment is expressed, Cassity v. Cassity, 147 Kan. 411, 76 P.2d 862, 866; Kent v. Lampman, 59 Cal.App.2d 407, 139 P.2d 57, 59; Tarlton v. Johnson, Mo.App., 138 S.W.2d 49, 52; a note issued, accepted or indorsed when overdue, as regards person so issuing, accepting or indorsing it. Nees v. Hagan, 22 Tenn.App. 28, 118 S.W.2d 566, 568; DeLoach v. Adams Loan & Investment Co., 62 Ga.App. 61, 7 S.E.2d 580, 581.
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That's the definition of DEMAND NOTE in Black's Law Dictionary 4th Edition – Legal dictionary – Glossary of legal terms. Courtesy of Cekhukum.com.
