Postdating a Check Changes the Check from a Demand Draft

question 33

True/False

Postdating a check changes the check from a demand draft to a time draft.

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Definitions:

Adverse Possession

The acquisition of title to real property through open occupation, without the consent of the owner, for a period of time specified by a state statute. The occupation must be actual, exclusive, open, continuous, and in opposition to all others, including the owner.

Individual's Right

Legal entitlements or freedoms guaranteed to a person under a legal system.

Absolute

Unconditional and complete, often referring to rights or decisions that are not subject to limitations or exceptions.

License

A permit from an authority to own or use something, do a particular thing, or carry out a trade.