Under Article 3 of the UCC,what Is the Effect of a Note

question 28

Multiple Choice

Under Article 3 of the UCC,what is the effect of a note not stating a time for payment?

• A) The note is void and unenforceable due to vagueness.
• B) The note is considered nonnegotiable, but might nonetheless be enforceable.
• C) The note is considered a time instrument, with payment due at a reasonable time.
• D) The note is considered a demand instrument, with payment due on demand.
• E) The note is voidable by the maker.

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