An Instrument Payable on Demand Is

question 53

Multiple Choice

An instrument payable on demand is:

• A)not payable before the date of the instrument.
• B)payable before the date of the instrument.
• C)not payable after the date of the instrument.
• D)nonnegotiable without a date.

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Definitions:

Quality

The standard or degree of excellence of something, often measured against similar things.

Relation

The way in which two or more concepts, objects, or people are connected, or the state of being connected.

Manner

Refers to the way in which an action is performed or how a particular task is executed.

Syntax

The collection of guidelines, norms, and procedures that dictate how sentences are constructed in a specific language, particularly with regards to the arrangement of words and the use of punctuation.