Under the UCC an Instrument "Payable on Demand" as One

question 59

Multiple Choice

Under the UCC an instrument "payable on demand" as one that ____________

• A) States that it is payable on demand or at sight, or otherwise indicates that it is payable at the will of the holder.
• B) Does not state any time of payment.
• C) Is payable within ten days after presentment.
• D) 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.
• E) States that it is payable on demand or at sight, 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:

Experiential Style

A cognitive approach characterized by learning and understanding through direct experience rather than through analytical thinking.

Emotional Level

Pertains to the intensity and complexity of feelings and emotional responses in an individual or group context.

Ideas

Mental concepts or thoughts that arise from the creative or intellectual ability of the mind.

Reason

The faculty of the mind by which it distinguishes between right and wrong, truth and falsehood, or makes logical deductions.