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Paper Payable "On Demand" Fails the Test of Negotiability in That

question 11

True/False

Paper payable "on demand" fails the test of negotiability in that it does not contain a specific time.


Definitions:

Full Warranty

A guarantee without limitations covering a product's repair or replacement.

Consumer Product

A consumer product is a good or service that is intended for use by end consumers for personal, family, or household purposes.

Manufacturer

A person or company that makes goods for sale, especially in large quantities and as a commercial operation.

FTC Rules

Regulations established by the Federal Trade Commission designed to protect consumers and ensure fair competition.

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