Nelda writes a check to Jorge. When is this check actually payable?
A) Within twenty-four hours after it is issued.
B) As soon as a bank clears it but no longer than 3 business days.
C) Two days after it is issued.
D) As soon as it is issued.
E) No later than 48 hours after it is issued.

Question

Quizplus · Accepted Answer

Checks are considered payable on demand, which means they are payable as soon as they are issued. There is no waiting period before a check becomes payable.

Nelda Writes a Check to Jorge