A has a bill of exchange that does not indicate when it is to be paid as the language of the bill only says “Pay” . When is it payable to A?
A. In 30 days.
B. Never as the instrument is void if it does not have a payment date.
C. In a reasonable time.
D. None of these
Answer:C
A has a bill of exchange that does not indicate when it is to be paid as the language of the bill only says “Pay” . When is it payable to A?
A. In 30 days. B. Never as the instrument is void if it does not have a payment date. C. In a reasonable time. D. None of these