Why is a note with no stated time for payment considered a demand note rather than an

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Why is a note with no stated time for payment considered a demand note rather than an unenforceable note?

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Business Law Text and Cases

ISBN: 978-0324655223

11th Edition

Authors: Kenneth W. Clarkson, Roger LeRoy Miller, Gaylord A. Jentz, F

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Question Posted: May 02, 2012 12:44 AM

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Why is a note with no stated time for payment considered a demand note rather than an

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The chief reason for holding that a note with no stated time fo...View the full answer

Business Law Text and Cases

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