Question: An instrument payable on demand is one that Multiple Choice states that it is payable on demand or at sight, or otherwise indicates that it

An instrument "payable on demand" is one that

Multiple Choice

states that it is payable on demand or at sight, or otherwise indicates that it is payable at the will of the holder; does not state any time of payment; or is payable within five

(5)

business days after presentment

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

states that it is payable on demand or at sight, or otherwise indicates that it is payable at the will of the holder

is payable within five

(5)

business days after presentment

does not state any time of payment

An instrument "payable on demand" is one that Multiple Choice states

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