A Promise or Order Is Payable at a Definite Time

question 52

Multiple Choice

A promise or order is payable at a definite time if it is payable:

• A) on or before a stated date.
• B) at a definite period of time after sight or acceptance.
• C) at a time readily ascertainable at the time the promise or order is issued.
• D) All of these.

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Definitions:

Excess Labour

A situation where the number of workers available exceeds the number of jobs available, often leading to unemployment or underemployment.

Seniority

The concept of prioritizing employees for benefits, promotions, or layoffs based on their length of service or tenure with an organization.

Less Competent Employees

Workers who possess lower levels of skill, knowledge, or ability compared to the expected standard or their peers.

More Competent Employees

Workers who possess greater skills, knowledge, and ability to perform their job effectively compared to others.