Wilson buys a promissory note from Ollie.The note is due on December 5.December 5 is a Sunday.The note is
A) payable anytime the week of December 6.
B) payable December 6.
C) payable on December 5 only.
D) considered defective.

Question

Wilson buys a promissory note from Ollie.The note is due on December 5.December 5 is a Sunday.The note is 
A) ​payable anytime the week of December 6. 
B) ​payable December 6. 
C) ​payable on December 5 only. 
D) ​considered defective.

Quizplus · Accepted Answer

If the note is due on December 5 and that day is a Sunday, then it would be payable on the next business day, which is December 6. Therefore, choice B is the correct option.

Wilson Buys a Promissory Note from Ollie