Harris v. Tabler

Code § 8.3-108, a part of the Uniform Commercial Code, provides that “instruments payable on demand include those payable at sight or on presentation and those in which no time for payment is stated.” In this appeal, we decide whether an instrument stating no time for payment is a demand note or whether it is facially ambiguous with respect to time for payment, thereby requiring the consideration of parol evidence to ascertain its maturity date.

On August 22, 1977, as part of a real estate closing, appellees Rollins and Linda Tabler executed a Note with Power of Attorney to Confess Judgment…