Solved

Which of the Following Does Not Satisfy the Requirement That

Question 48

Multiple Choice

Which of the following does not satisfy the requirement that to be negotiable an instrument must be payable at a time certain or on demand?


A) The instrument states a specific date for payment.
B) The instrument is dated and then states that "payment will be made 5 days after the above date."
C) An instrument that states that payment is due at a fixed time but may be extended at the election of the holder.
D) An instrument that states that "payment will be made 10 days after delivery of the goods."
E) An instrument that permits acceleration of payment and has a fixed date of payment if the acceleration clause is not affected.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents