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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Definitions:

Serotonin Agonist

A type of drug that activates serotonin receptors in the brain, mimicking the effects of serotonin to increase its action in the nervous system.

Serotonin Antagonist

A type of drug that works by blocking serotonin receptors, affecting mood, appetite, and other functions.

Motor Neurons

Nerve cells that transmit impulses from the brain or spinal cord to muscles or glands, causing them to act.

Sensory Neurons

Specialized neurons responsible for converting external stimuli from the organism's environment into internal electrical impulses.