If a Negotiable Instrument Is Payable on Demand,it Is Overdue

question 21

Multiple Choice

If a negotiable instrument is payable on demand,it is overdue:

• A)the day before the demand for payment has been made.
• B)30 days after the demand for payment has been made.
• C)the day after demand for the payment has been made in a proper manner and form.
• D)the week after payment has been demanded.

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Definitions:

Major Injury

A severe physical harm or damage to a person's body, often requiring extensive medical attention or leading to significant impairment.

Minor Injury

A minor injury refers to a type of harm or damage to the body that is not severe and typically requires minimal medical treatment.

Good Batteries

Functioning energy sources designed to provide power to devices without immediate need for recharging or replacement.

Random Variable

A mathematical function that assigns values to outcomes of different events, especially in the context of probability and statistics.