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

question 112

Multiple Choice

If an instrument is silent as to the time of payment,the Uniform Commercial Code presumes that it is a ________ instrument.

• A)demand
• B)time
• C)void
• D)voidable
• E)non-negotiable

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Definitions:

Ethnocentrism

Viewing one's own culture as superior to others and using it as a benchmark to evaluate foreign cultures.

Stereotyping

The act of categorizing individuals or groups into oversimplified and generalized roles or attributes based on perceived characteristics.

Preconceptions

Pre-existing beliefs or opinions formed before having evidence or experience.

Assumptions

Beliefs or statements taken for granted without proof, often used as a basis for reasoning or argument.