With a[n] ______ instrument,payment can be made only at a specific time designated in the future.
A) Time
B) Demand
C) Recourse
D) Nonrecourse
E) Immediate

Name: With a[n] ______ instrument,payment can be made only at a specific time designated in the future. A) Time B) Demand C) Recourse D) Nonrecourse E) Immediate
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Question

Quizplus · Accepted Answer

Payment on a time instrument can be made only at a specific future time, which the UCC says must be easily determined from the document itself [3-108(b)].

With A[n] ______ Instrument,payment Can Be Made Only at a Specific