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:

Source Misattribution

A memory error where a person remembers the information but forgets the source of that information, leading to potential misinformation.

Partial Loss

A situation where there is a reduction or diminishment in quantity, quality, or extent of something, but not a complete loss.

Memory

The faculty by which the mind stores and remembers information.

Flashbulb Memories

Vivid, detailed memories of significant or traumatic events that feel as if they were captured by a camera's flash.