The Code Provides That for Checks,a Reasonable Time for Demand

question 67

True/False

The Code provides that for checks,a reasonable time for demand for payment is sixty days,after which a purchaser should be on notice the paper is overdue for the purpose of becoming a holder in due course.

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Definitions:

Thermal Imager

is a device that converts infrared radiation (heat) into visible light in order to analyze a particular object or scene.

First Amendment

An amendment to the United States Constitution prohibiting Congress from making laws that restrict the freedom of speech, religion, press, assembly, and petition.

Free Exercise of Religion

The right to practice one's religion freely without governmental interference, as protected by the First Amendment in the U.S. Constitution.

Establishment Clause

A provision in the First Amendment of the U.S. Constitution that prohibits the government from establishing an official religion.