Asked by jayla houser on May 08, 2024
Verified
With a demand instrument,payment can be made only at a specific time designated in the future.
Demand Instrument
A financial document that requires immediate payment upon presentation.
Specific Time
A precise or particular moment or duration identified for an event or action.
- Discern the discrepancies between demand instruments and time instruments and grasp their resultant outcomes.
Verified Answer
RT
Rodney ThompsonMay 11, 2024
Final Answer :
False
Explanation :
With a demand instrument,the payee (or subsequent holder)can demand actual payment at any time.
Learning Objectives
- Discern the discrepancies between demand instruments and time instruments and grasp their resultant outcomes.
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