Identify the Statement That Holds True of Revised Article 3

question 37

Multiple Choice

Identify the statement that holds true of Revised Article 3.

• A)Under Article 3,an instrument does not qualify as a check if it contains the engraving "money order" on its face.
• B)Revised Article 3 prevents an instrument from meeting the "unconditional promise" if it requires a countersignature of a person whose specimen signature appears on the draft.
• C)Under Article 3,a payor bank may pay a postdated check before the stated date unless the drawer has notified the bank of postdating pursuant to a procedure set out in the Code.
• D)Revised Article 3 states,an instrument that names a fixed time for payment should not contain a clause permitting the time for payment to be accelerated at the option of the maker.

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Definitions:

Record Source

A term used in database management systems referring to the underlying data (e.g., table or query) that forms the basis for a form or report.

Property Sheet

A graphical interface that allows users to view and edit the properties of a selected object in software applications.

Conditional Formatter

A feature in data management and visualization tools that changes the appearance of data based on certain conditions or criteria to highlight or distinguish important information.

Format Painter

A tool in many software applications that allows you to copy formatting from one object or text selection and apply it to another.