Instruments That Say Nothing About When Payment Is Due Are

question 51

True/False

Instruments that say nothing about when payment is due are payable on demand.

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Definitions:

Gearshift Stuck

A mechanical problem where the gearshift of a vehicle is unable to move or change gears properly.

Debt Collector

An individual or company that specializes in recovering unpaid debts on behalf of the creditor.

Consumer Credit Laws

Consumer credit laws are regulations implemented to protect borrowers of credit, ensuring fairness and transparency in lending practices.

Family Emergency

An unexpected or sudden event involving a family member that requires immediate attention, often necessitating absence from work or other responsibilities.