If an instrument is silent as to the time of payment,the Uniform Commercial Code presumes that it is a ________ instrument.
A)demand
B)time
C)void
D)voidable
E)non-negotiable

Question

Quizplus · Accepted Answer

According to Uniform Commercial Code Section 3-108(a),if an instrument is silent as to the time of payment,it is presumed to be a demand instrument; therefore,it retains its negotiable status.

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