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

Question

Quizplus · Accepted Answer

A)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 [3-108a)].
B)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 [3-108a)].
C)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 [3-108a)].
D)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 [3-108a)].
E)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 [3-108a)].

Which of the Following Is Assumed by the UCC If