If an Instrument Is Silent as to the Time of Payment,which

question 8

Multiple Choice

If an instrument is silent as to the time of payment,which of the following is assumed by the UCC?

• A) That it is a demand instrument
• B) That it is a time instrument
• C) That it is a void instrument
• D) That it is a voidable instrument
• E) That it is a nonnegotiable instrument

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Definitions:

Cultural Differences

the variations in practices, norms, and customs among people from different backgrounds, leading to diverse worldviews and ways of living.

Psychological Barrier

Mental or emotional blocks that impede a person's ability to communicate effectively, make decisions, or progress towards goals.

New Product

An item or service recently introduced to the market that offers novel features or benefits not previously available.

Value Barrier

Challenges or factors that limit the perceived worth or utility of a product or service to potential customers.