Which of the following would be notice of an overdue instrument?
A) Taking a demand instrument after a request for payment is made.
B) Taking an instrument one day after the due date.
C) Taking a check 91 days after its issue date.
D) All of the above illustrate overdue instruments.

Question

Quizplus · Accepted Answer

A) Taking a demand instrument after a request for payment is made indicates that the instrument is overdue since the demand has already been made.
B) Taking an instrument one day after the due date can also be considered as an overdue instrument.
C) Taking a check after 90 days of its issue date is a factor used to determine whether a check is stale or not, but it may not necessarily be considered as an overdue instrument. 
Therefore, all of the above choices illustrate an overdue instrument.

Which of the Following Would Be Notice of an Overdue