If a Negotiable Instrument Is Payable on Demand, It Is

question 30

Multiple Choice

If a negotiable instrument is payable on demand, it is overdue:

• A) the day after demand for payment has been made in a proper manner and form.
• B) 30 days after its date if it is a check.
• C) 3 days after demand for payment has been made in a proper manner and form.
• D) 60 days after its date if it is a check.

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