Which of the Following Does Not Satisfy the Requirement That

question 9

Multiple Choice

Which of the following does not satisfy the requirement that to be negotiable an instrument must be payable at a time certain or on demand?

• A) The instrument states a specific date for payment.
• B) The instrument is dated and then states that "payment will be made 5 days after the above date."
• C) An instrument that states that payments is due at a fixed time but may be extended at the election of the holder.
• D) An instrument that states that "payment will be made 10 days after delivery of the goods."
• E) An instrument that permits acceleration of payment and has a fixed date of payment if the acceleration clause is not affected.

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Definitions:

Objectivity

The practice of basing decisions, judgments, or analyses on factual evidence and without influence from personal feelings or biases.

Encounter Stage

The phase in a relationship or process where parties involved start to engage and interact with one another, becoming more familiar with expectations and roles.

Role Demands

The expectations and responsibilities placed on an individual in a particular role within an organization or society.

Expectations

Assumptions or beliefs about what will happen in the future or how someone should behave.