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If a demand instrument is a check, the Uniform Commercial Code (UCC) deems the check overdue thirty (30) days after its date. True or False

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The correct answer is false.

No, If a demand instrument is a check, the Uniform Commercial Code (UCC) not deems the check overdue thirty (30) days after its date.

What does mean of UCC?

The UCC (Uniform Commercial Code) is a standardized set of laws and principles for transacting business. The UCC code was established in 1953 because it was becoming growingly arduous for companies to run business across state lines given the different state laws.

The UCC is important since it helps companies in various states to run with each other by providing a standard legal and contractual framework. The UCC laws have been fully taken on by most states in the U.S. Though there are some slight changes from state to state, the Uniform Commercial Code code consists of nine separate articles. The Uniform Commercial Code articles govern different types of transactions, including banking and loans.

The correct answer is false.

No, If a demand instrument is a check, the Uniform Commercial Code (UCC) not deems the check overdue thirty (30) days after its date.

To know more about the Uniform Commercial Code, Visit:-

https://brainly.com/question/24176941

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