A definite time required for negotiability would NOT be satisfied in which instance?
A)Payable on or before January 2, 2012.
B)Payable one week after demand is made.
C)Payable one year from the completion of the building.
D)Payable on June 15, 2012 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 fixed date or a determinable period after sight or acceptance. "Payable one year from the completion of the building" is not definite because the completion date is uncertain.

A Definite Time Required for Negotiability Would NOT Be Satisfied