Baron Parke said: ‘It is quite clear that a promissory note, payable on demand, is a present debt, and is payable without any demand, and the statute begins to run from the date of it.’
Judges:
Baron Parke
Citations:
[1837] EngR 183, (1837) 2 M and W 461, (1837) 150 ER 839
Links:
Jurisdiction:
England and Wales
Cited by:
Cited – Allendale Ltd v Moualem CA 6-Jul-2004
A promissory note executed on 30 June 1988, payable on demand. The promissory note was executed as a deed and therefore was a speciality falling under section 8 of the Limitation Act 1980, with a limitation period of 12 years. No demand was made for . .
Lists of cited by and citing cases may be incomplete.
Limitation
Updated: 12 April 2022; Ref: scu.313300
