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:

Confederate Blockade

Describes the effort by the Confederate States during the American Civil War to prevent the Union from shipping supplies to its forces via certain ports, notably through the use of naval blockades.

Dilemma

A situation in which a difficult choice has to be made between two or more alternatives, often involving equally undesirable outcomes.

Federal Government

The national government of a federal country, where powers are divided between the central authority and constituent political units.

Provoking War

The act or strategy of taking actions or making statements that are likely to lead to war.