Bernice signs a promissory note for $1,500 in favor of Community College. The note is undated but specifies that it is "payable one month after date." This note is
A)negotiable.
B)notnegotiable,because one month is not a reasonable time.
C)notnegotiable,because there is no option to pay early.
D)notnegotiable,because the maturity date cannot be deter-mined from the face of the instrument.

Question

Quizplus · Accepted Answer

The note is not negotiable because it lacks a specific date, making it impossible to determine the maturity date from the face of the instrument.

Bernice Signs a Promissory Note for $1,500 in Favor of Community