In Which of the Following Situations Is an Instrument Termed

question 81

Multiple Choice

In which of the following situations is an instrument termed as overdue?

• A)Where a check was made out 60 days ago.
• B)Where there is a default in payment of interest on a note,but not in the payment of the principal.
• C)Where the principal on a note is due in installments and an installment has not been paid.
• D)Where a note dated January 1 is payable "30 days after date" and is paid on January 31.

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Definitions:

Descriptive Traits

Characteristics that are used to describe a person's behavior or attributes in a straightforward and objective manner.

Cardinal Traits

Dominant personality traits that influence most of a person's behaviors and attitudes, according to the theory of Gordon Allport.

Stages of Development

A theory in psychology that proposed human growth occurs in predictable phases, each with its own set of challenges and accomplishments, often associated with the work of Erik Erikson and Jean Piaget.

Rational Coper

An individual who uses logic and reasoning to face and solve problems, effectively managing emotions and behaviors in challenging situations.