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

question 53

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.

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Definitions:

Constraints

Limitations or restrictions that impact the decision-making process, often used in the context of optimization problems and project planning.

Feasible Region

Within optimization challenges, the collection of all feasible points that meet the criteria of the problem.

Linear Programming

A mathematical methodology for determining the best outcome in a given mathematical model for some list of requirements represented as linear relationships.

Constrained Resources

Resources in limited supply that restrict the ability of an organization to produce goods or services or achieve desired outcomes.