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SIGHT, contracts. Bills of exchange are frequently made payable at sight, that is, on presentment, which might be taken naturally to mean that the bill should then be paid without further delay; but although the point be not clearly settled, it seems the drawee is entitled to the days of grace. Beaw. Lex Mer. pl. 256; Kyd on Bills, 10; Chit. on Bills, 343-4; Bayley on Bills, 42, 109, 110; Selw. N. P. 339.
     2.-The holder of a bill payable at sight, is required to use due diligence to put it into circulation, or have it presented for acceptance within a reasonable time. 20 John. 146; 7 Cowen, 705; 12 Pick. 399 13 Mass. 137; 4 Mason, 336; 5 Mason's 118; 1 McCord, 322; 1 Hawks, 195.
     3. When the bill is payable any number of days after sight, the time begins to run from the period of presentment and acceptance, and not from the time of mere presentment. 1 Mason, 176; 20 John. 176.

References in periodicals archive ?
We catch sight of traffic on the A64 away to our right as we follow a wire fence on our left hand side to a junction of routes.
Continuing up the slope, we catch sight of Highcliff Nab through the trees ahead - with an open field below on our left.
Crowds who gathered to catch sight of Ireland's newest multimillionaires cheered wildly as Paul and Helen puckered up for photographers on the red carpet rolled out by the National Lottery.
Onward by road to Senkele Sanctuary provides an opportunity to catch sight of the endemic Swayne's hartebeest, while the town of Arba Minch offers one of the best views in the entire country.
The fact that this domestic goddess looks like a ravishing film star from the forties matters less when you catch sight of her rounded hips and fleshy arms.
We first catch sight of the doctor in an immaculate white suit, chasing an uncooperative patient along the beach.
It breaks my heart if I catch sight of her arms because they're often cut and bleeding.
So, thinking you look like Claudia Schiffer, you stumble out of there in an ill-fitting truss, only to catch sight of yourself two weeks later looking like the winner of a pie eating contest.
Park rangers will be taking visitors on a night-time wander to catch sight of bats, owls and insects.
In the countryside you raise your eyes to the sky to catch sight of a hot-air balloon; he flattens it on the ground so that it looks like a gigantic carpet.
You and your beady little eyes didn't catch sight of the delectable Diana until 20 months after Harry was born in September 1984.
Jennifer Pastor's sculpture inspires a giddy silence, the same gravid hush that occurs when we first catch sight of something truly strange.