Which of the Following Does Not Satisfy the Requirement That

question 85

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 permits an extension of the payment and also a fixed time for payment, but the maker does not have the right to extend the time of payment indefinitely.
• 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 effected.

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