If an Instrument Is Silent as to the Time of Payment,which

question 8

Multiple Choice

If an instrument is silent as to the time of payment,which of the following is assumed by the UCC?

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

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Definitions:

Frequency Distribution

A frequency distribution is a statistical representation showing the number of occurrences of each distinct value in a data set.

Beef Sales

The commercial activity of selling beef products, either wholesale or retail.

Angela's Meat & Poultry

A hypothetical or specific business name, possibly referring to a retailer, wholesaler, or producer of meat and poultry products.

Telemarketers

Individuals or companies that market goods or services over the telephone.