What Is the UCC's Definition of an Instrument That Is

question 84

Multiple Choice

What is the UCC's definition of an instrument that is "payable on demand?"

• A)An instrument that states that it is payable 30 days after presentment
• B)An instrument that states that it is payable on demand or at sight or otherwise indicates that it is payable at the will of the holder,or does not state any time of payment
• C)Is payable within 10 days after presentment
• D)An instrument that states that it is payable on demand or at sight,or that it is payable 20 days after presentment
• E)An instrument that states that it is payable on demand or at sight or otherwise indicates that it is payable at the will of the holder;does not state any time of payment;or is payable within ten days after presentment

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Definitions:

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A form of communication that involves gestures, facial expressions, body language, and other visual cues, rather than spoken or written words.

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