Which of the Following Is Assumed by the UCC If

question 19

Multiple Choice

Which of the following is assumed by the UCC if an instrument is silent as to the time of payment?

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

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Definitions:

Wagner Act

A foundational statute of United States labor law which guarantees basic rights of private sector employees to organize into trade unions, engage in collective bargaining, and take collective action such as strikes.

Political Candidates

Individuals who seek to be elected to public office in government, representing specific political parties or positions.

Direct Contributions

Refers to monetary or in-kind donations given directly to a cause, organization, or individual without any intermediaries.

Taft-Hartley Act

A 1947 federal law that imposed several restrictions on labor unions, including prohibiting certain types of strikes and requiring union leaders to swear they were not communists.