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Under the UCC an Instrument "Payable on Demand" as One

Question 59

Multiple Choice

Under the UCC an instrument "payable on demand" as one that ____________


A) States that it is payable on demand or at sight, or otherwise indicates that it is payable at the will of the holder.
B) Does not state any time of payment.
C) Is payable within ten days after presentment.
D) States that it is payable on demand or at sight or otherwise indicates that it is payable at the will of the holder, or does not state any time of payment.
E) States that it is payable on demand or at sight, otherwise indicates that it is payable at the will of the holder; does not state any time of payment; or is payable within ten days after presentment.

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