Which of the Following Is True Regarding Payment on a Time

question 38

Multiple Choice

Which of the following is true regarding payment on a time instrument?

• A) It is payable in the same manner as a demand instrument.
• B) It may be made payable at a past or future date so long as a method for computing past-due interest is set forth in the document.
• C) It must be payable at a future time, and the date must be determinable through a separate instrument prepared in conjunction with the time instrument.
• D) It may be made payable at a past or future date so long as the method of computing interest is set forth either in the time instrument itself or in a separate document prepared in conjunction with the time instrument.
• E) It must be payable at a specific future time which is easily determinable from the document itself.

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Definitions:

Avoiding Criticism

A behavior or strategy aimed at preventing or minimizing negative feedback or judgment from others.

Risky Sexual Behaviors

Actions that increase the likelihood of contracting sexually transmitted infections and/or lead to unintended pregnancies, often due to lack of protection or informed consent.

Extrinsic Motives

Motivation that is driven by external rewards such as money, fame, grades, and praise.

Extrinsic Motivation

The pursuit of an activity for external rewards, such as money or fame.