The question is "What happens when I run this code?". The error I get is
Msg 148, Level 15, State 1, Line 5
Incorrect time syntax in time string '2020-01-10 1:13.' used with WAITFOR.
So the only correct answer is "An error occurs because the time is formatted wrong".
Yes, it would get the date error if it didn't have a problem with the time, but that not what happens when I run the code.