Which of the Following Is True Regarding Payment on a Time

question 38

Multiple Choice

Which of the following is true regarding payment on a time instrument?

• A) It is payable in the same manner as a demand instrument.
• B) It may be made payable at a past or future date so long as a method for computing past-due interest is set forth in the document.
• C) It must be payable at a future time, and the date must be determinable through a separate instrument prepared in conjunction with the time instrument.
• D) It may be made payable at a past or future date so long as the method of computing interest is set forth either in the time instrument itself or in a separate document prepared in conjunction with the time instrument.
• E) It must be payable at a specific future time which is easily determinable from the document itself.

---

Definitions:

Psychological Damage

Harm to a person's mental health or well-being, which can result from traumatic events, abuse, or chronic stress.

Academic Achievement

Refers to the level of success a student has achieved in their educational pursuits, often measured by grades, test scores, and other academic indicators.

Influenced

The capacity to have an effect on the character, development, or behavior of someone or something.

Altruistic Children

Children who display selfless concern for the well-being of others without expectation of reward or recognition.