To be payable on demand, an instrument must either state that it is payable on demand or __________ the date altogether.
A) imply
B) omit
C) include
D) None of the choices are correct.

Question

Quizplus · Accepted Answer

For an instrument to be considered payable on demand, it must explicitly state that it is payable on demand or omit any mention of a specific date for payment. This means the instrument does not specify a date by which payment must be made, making it payable upon request.

To Be Payable on Demand, an Instrument Must Either State