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What is a demand instrument? A demand instrument is payable on presentment-that is, it...

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Accounting

What is a demand instrument?
A demand instrument is payable on presentment-that is, it is payable one week after it is issued and for a reasonable time thereafter.
A demand instrument is payable on demand-that is, it is payable on the date written on the instrument, and only on that date.
A demand instrument is payable on demand-that is, it is payable immediately after it is issued and for a reasonable time thereafter.
A demand instrument is payable on demand-that is, it is payable one month after the date written on the instrument, but only on that date.
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