Instruments that say nothing about when payment is due are payable on demand.

Name: Instruments that say nothing about when payment is due are payable on demand.
Brand: Quizplus
Rating: 4.9 (31 reviews)

Question

Quizplus · Accepted Answer

Instruments that do not specify a payment date are considered payable on demand, meaning the payment must be made whenever the holder demands it. Examples of such instruments include checks and promissory notes that do not have a specific due date.

Instruments That Say Nothing About When Payment Is Due Are