Daria signs an instrument payable to the order of Employees Credit Union "on or before" June 15.This instrument is
A)negotiable.
B)nonnegotiable,because the maker can move up the payment date.
C)nonnegotiable,because moving up the payment date is optional.
D)nonnegotiable,because the exact payment date cannot be deter?mined from the face of the instrument.

Question

Quizplus · Accepted Answer

The instrument is negotiable because it meets all the requirements of a negotiable instrument, including the promise to pay a sum certain, the order to pay the credit union, and the absence of any conditions other than payment on or before a specific date. The fact that the payment date is stated as "on or before" does not render the instrument non-negotiable.

Daria Signs an Instrument Payable to the Order of Employees