A promise or order is "payable on demand" if:
A) it states that it is payable only to the bearer.
B) it states a time for payment.
C) it states that it is payable on the fulfillment of a condition.
D) it states that it is payable at the will of the holder of the instrument.
Correct Answer:
Verified
Q10: When the terms of a check are
Q17: An instrument that meets all of the
Q18: A check is a draft payable upon
Q19: The attribute of negotiability means that an
Q20: Any instrument that does not meet the
Q22: A negotiable instrument:
A)must be payable to a
Q23: Which of the following will destroy the
Q24: A draft is a:
A)two-party instrument.
B)three-party instrument.
C)single party
Q25: Ricardo borrowed $1,000 from his friend,John Wilfred.Ricardo
Q26: If an instrument satisfies the formal requirements
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