In Which of the Following Situations Is an Instrument Termed

question 45

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 principle.
• 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.