Grace Signs an Instrument Payable to the Order of Hillside

question 33

Multiple Choice

Grace signs an instrument payable to the order of Hillside Credit Union "on or before" June 15. This instrument is

• A) negotiable.
• B) nonnegotiable, because the maker can move up the payment date.
• C) nonnegotiable, because moving up the payment date is optional.
• D) nonnegotiable, because the exact payment date cannot be deter?mined from the face of the instrument.

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Definitions:

Lipid

A group of naturally occurring molecules that include fats, waxes, sterols, fat-soluble vitamins, and other similar compounds, known for being energy storage molecules and components of cell membranes.

Nucleic Acid

Biological macromolecules, such as DNA or RNA, that store genetic information and are involved in the synthesis of proteins.

Protein

Large, complex molecules essential for body structure, function, and regulation of tissues and organs.

Hydroxyl Group

A functional group consisting of an oxygen atom bonded to a hydrogen atom (-OH), common in alcohols and many other organic compounds.