Negotiatiable Instrument - Payable on Time or on Demand

The video tutorial explains the elements of negotiability concerning payment on time or demand. It discusses how negotiable instruments are payable either on demand or at a specified time. If no indication is present, it is assumed to be payable on demand. External evidence can suggest a time payment, but if not indicated in the instrument, it may not be negotiable. Instruments with ascertainable dates remain negotiable, even with acceleration or prepayment clauses.

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