Pam Signs an Instrument Payable to the Order of Quick

question 5

Multiple Choice

Pam signs an instrument payable to the order of Quick Credit, Inc., that allows a holder to demand payment of the entire amount due, with inter?est, if Pam fails to make a payment. This instrument is

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

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Definitions:

Brick-and-mortar Store

A physical retail location that customers can visit to shop as opposed to an online store.

Purchase Online

The act of buying goods or services over the internet, often through e-commerce platforms and websites, using digital transactions.

B2B

Business-to-Business, a model in which businesses provide products or services to other businesses rather than to consumers.

B2C

B2C (Business-to-Consumer) describes the process of selling products and services directly from businesses to the end-users or consumers.