Which of the Following Is Correct with Respect to the Fixed

question 12

Multiple Choice

Which of the following is correct with respect to the fixed amount requirement of negotiability under Revised Article 3?

• A) The fixed amount requirement applies only to the principal.
• B) Interest may be stated in an instrument as a fixed or variable amount of money or it may be expressed as a fixed or variable rate or rates.
• C) A sum certain may be payable in installments or with a fixed discount if paid before maturity.
• D) All of these are correct.

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Definitions:

Decrease

Decrease refers to a reduction in quantity, size, intensity, or the level of something.

Bipolar Cells

A type of neuron found in the retina, acting as an intermediary between photoreceptors and ganglion cells, transmitting visual information.

Ganglion Cells

Neurons located in the retina that receive visual information from photoreceptors and transmit it to the brain.

Input

Information or signals entering a system or process for evaluation, storage, or further processing.