Which of the Following Does Not Satisfy the Requirement That

question 24

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

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Definitions:

Misperceived

Incorrectly interpreted or understood, resulting from the inaccurate perception of information or situations.

Police Officers

Law enforcement officials who are empowered to uphold and enforce the laws and to protect citizens and their property.

Newborn Children

Very young babies, typically considered to be those under one month old, who are adapting to life outside the womb.

Girls

Female humans, often referred to when they are children or adolescents before becoming women.