A. A promise or order is "payable on demand" if it:
1. States that it is payable on demand or at sight, or otherwise indicates that it is payable at the will of the holder; or
2. Does not state any time of payment.
B. A promise or order is "payable at a definite time" if it is payable on elapse of a definite period of time after sight or acceptance or at a fixed date or dates or at a time or times readily ascertainable at the time the promise or order is issued, subject to rights of:
1. Prepayment;
2. Acceleration;
3. Extension at the option of the holder; or
4. Extension to a further definite time at the option of the maker or acceptor or automatically upon or after a specified act or event.
C. If an instrument, payable at a fixed date, is also payable upon demand made before the fixed date, the instrument is payable on demand until the fixed date and, if demand for payment is not made before that date, becomes payable at a definite time on the fixed date.
Notes of Decisions
Cramton v. Grabbagreen Franchising LLC (D. Ariz. 2022).
· cites it 17× “) Second, - 16 - Case 2:17-cv-04663-DWL Document 518 Filed 05/27/22 Page 17 of 54 1 ECO accuses the Court of committing a due process violation by concluding, in the 2 December 2019 summary judgment order, that A.R.S. § 47-3108 was the applicable statute 3 for evaluating when…”
Cramton v. Grabbagreen Franchising LLC (D. Ariz. 2019).
· cites it 2× “15 § 47-3108(A)(2). A promise or order is only “‘payable at a definite time’ if it is payable 16 on elapse of a definite period of time after sight or acceptance or at a fixed date or dates or 17 at a time or times readily ascertainable at the time the promise or order is issued.”
— Ariz. Rev. Stat. § 47-3108(A)(2) — 1 case
Cramton v. Grabbagreen Franchising LLC (D. Ariz. 2019).
“15 § 47-3108(A)(2). A promise or order is only “‘payable at a definite time’ if it is payable 16 on elapse of a definite period of time after sight or acceptance or at a fixed date or dates or 17 at a time or times readily ascertainable at the time the promise or order is issued.”
— Ariz. Rev. Stat. § 47-3108(B) — 2 cases
Cramton v. Grabbagreen Franchising LLC (D. Ariz. 2022).
“) Second, - 16 - Case 2:17-cv-04663-DWL Document 518 Filed 05/27/22 Page 17 of 54 1 ECO accuses the Court of committing a due process violation by concluding, in the 2 December 2019 summary judgment order, that A.R.S. § 47-3108 was the applicable statute 3 for evaluating when…”
Cramton v. Grabbagreen Franchising LLC (D. Ariz. 2019).
“15 § 47-3108(A)(2). A promise or order is only “‘payable at a definite time’ if it is payable 16 on elapse of a definite period of time after sight or acceptance or at a fixed date or dates or 17 at a time or times readily ascertainable at the time the promise or order is issued.”
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