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

question 14

Multiple Choice

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

• A) the day after demand for payment has been made in a proper manner and form.
• B) 30 days after its date if it is a check.
• C) three days after demand for payment has been made in a proper manner and form.
• D) 60 days after its date if it is a check.

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Definitions:

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The historical political regime of France characterized by a succession of monarchs, starting with Clovis and ending with Louis-Philippe in 1848 when the monarchy was finally abolished.

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A major waterway in the state of New York, flowing from the Adirondack Mountains to the Atlantic Ocean, known for its beauty and historical significance.

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Businesses specialized in facilitating international trade by dealing with different aspects such as import-export operations, and sometimes investing in commercial ventures.