According to the UCC, a Draft May Be

question 248

Multiple Choice

According to the UCC, a draft may be:

• A) payable in the future
• B) payable on sight
• C) payable within a certain time
• D) none of the other choices; those are features of a check
• E) all of the other specific choices are correct

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Definitions:

Repeating Decimal

A fraction represented in decimal form where a specific set of digits continues to repeat endlessly.

Percent Equivalent

A value expressing a number as a fraction of 100, used to describe the relative size of a part to a whole.

Repeating Decimal

A decimal fraction in which a figure or group of figures repeats indefinitely.

Percent Equivalent

A value expressed as a percentage that represents a fraction of 100, indicating a part of a whole in percentage terms.