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If a Negotiable Instrument Is Payable on Demand,it Is Overdue

Question 14

Multiple Choice

If a negotiable instrument is payable on demand,it is overdue:


A) the day after demand for payment has been made in a proper manner and form.
B) 30 days after its date if it is a check.
C) three days after demand for payment has been made in a proper manner and form.
D) 60 days after its date if it is a check.

Correct Answer:

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