Which of the following is the Uniform Commercial Code's (UCC’s) definition of default?
a.It is the failure to make a payment when it is due.
b.It is the failure to make a payment within thirty (30) days after the payment is due.
c.It is the failure to make a payment within sixty (60) days after the payment is due.
d.It is the failure to make a payment within ninety (90) days after the payment is due.
