If a ________ instrument is not paid on its expressed due date,it becomes overdue the next day.
A) demand
B) time
C) due-on-sale
D) sale-on-approval
E) condition precedent

Question

Quizplus · Accepted Answer

A time instrument is one that specifies a specific date or period of time when payment is due. If payment is not made on this expressed due date, the instrument becomes overdue the next day.

If a ________ Instrument Is Not Paid on Its Expressed