A Promise or Order Is "Payable on Demand" If It

question 48

Multiple Choice

A promise or order is "payable on demand" if it states that it is payable:

• A) only to the bearer.
• B) on a particular date.
• C) on the fulfillment of a condition.
• D) at the will of the holder of the instrument.

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Definitions:

Naturally Occurring Elements

Elements that are found in nature without being artificially produced or synthesized in a laboratory.

Periodic Table

An organized chart that categorizes chemical elements based on atomic number, electron configuration, and consistent chemical properties.

Elemental Mass

The mass of a single atom of an element, typically measured in atomic mass units (amu) or grams per mole.

Periodic Table

A tabular arrangement of the chemical elements, organized on the basis of their atomic number, electron configurations, and recurring chemical properties.