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The UCC Specifies That for Drawers on Uncertified Checks, a Presentment

question 15

True/False

The UCC specifies that for drawers on uncertified checks, a presentment within thirty days after the date of the check is presumed to be reasonable.

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Definitions:

Percentage

A numerical expression or ratio indicating a portion of 100.

Percent

A mathematical term describing a number or ratio expressed as a fraction of 100.

Improper Fraction

A fraction where the numerator is greater than or equal to the denominator.

Numerator

The top number in a fraction that indicates the number of parts considered, relative to the denominator.

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