A definite time required for negotiability would NOT be satisfied in which instance?
A) Payable on or before January 2, 2015.
B) Payable one year from the completion of the building
C) Payable one week after demand is made.
D) Payable on June 15, 2014 or, if the building is not complete on that date, one year from that date.

Question

Quizplus · Accepted Answer

A definite time for negotiability requires a specific date or a time period that can be determined at the time of issuance. "Payable one year from the completion of the building" is not definite because the completion date is uncertain and not ascertainable at the time of issuance.

A Definite Time Required for Negotiability Would NOT Be Satisfied