Single Question on Art 3 of the UCC
Under Article 3 of the UCC, what is the effect of a note not stating a time for payment?
a. the note is considered a time instrument with payment due at a reasonable time
b. the note is void and unenforceable due to vagueness
c. the note is considered a demand instrument with payment due on demand
d. the note is considered non-negotiable, but might nonetheless be enforceable.