In the context of overdue instruments,if a due date for the principal has been accelerated:
A)the instrument is overdue when the court passes a judgment to that effect.
B)the instrument is overdue on the day after the grace period of seven days from the accelerated due date.
C)the instrument is overdue on the day after the accelerated due date.
D)the instrument is overdue on the day of the due date.

Question

Quizplus · Accepted Answer

In the context of overdue instruments,Revised Article 3 states that if a due date for the principal has been accelerated,the instrument is overdue on the day after the accelerated due date.

In the Context of Overdue Instruments,if a Due Date for the Principal