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.

---

Definitions:

Insanity Defense Rules

Legal doctrines that allow defendants to claim they are not responsible for their actions due to psychiatric disorders at the time of the crime.

Insanity Defense

A legal defense presented in court where a defendant claims they were not responsible for their actions due to episodic or persistent psychiatric disease at the time of the criminal act.

Incompetence To Stand Trial

A legal determination that an individual is mentally unfit to participate in the legal proceedings of their trial due to mental illness or incapacity.

Competence Judgments

Evaluations made about a person's ability or skills in a particular area or task.