payable on demand Articles
Loan Agreements “Payable on Demand”
March 19th, 2014 by | Court Disputes, Debt Collection, Finance & Securities
To the intelligent layman, the phrase in a loan agreement stating that the monies loaned are “payable on demand” suggests that the right to sue arises only after a demand is actually made. Naturally, a lawyer will tell you it is more complicated than that. For a variety of reasons, some purely historical, “payable on… Read more »
