Question

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

Answer

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