A promise or order is payable at a definite time if it is payable:
A)at a time readily ascertainable at the time the promise or order is issued.
B)at a fixed date or dates.
C)at a definite period of time after sight or acceptance.
D)All of the above.

Question

Quizplus · Accepted Answer

All of the above choices indicate a specific and defined time for payment of the promise or order. Choice A denotes a readily ascertainable time, choice B is a fixed date or dates, and choice C indicates a definite period of time after sight or acceptance.

A Promise or Order Is Payable at a Definite Time