If an instrument is silent as to the time of payment,which of the following is assumed by the UCC?
A) That it is a demand instrument
B) That it is a time instrument
C) That it is a void instrument
D) That it is a voidable instrument
E) That it is a nonnegotiable instrument

Question

Quizplus · Accepted Answer

If an instrument is silent as to the time of payment, the UCC presumes that it is a demand instrument and thus retains its negotiable status [3-108(a)].

If an Instrument Is Silent as to the Time of Payment,which