Paco Signs an Instrument Payable in Installments to the Order

question 29

Multiple Choice

Paco signs an instrument payable in installments to the order of Quik Cash,Inc. ,that allows a holder to demand payment of the entire amount due,with inter?est,if Paco 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.

---

Definitions:

Technical System

Integrated collection of technological tools, processes, and procedures used within an organization to achieve business objectives.

Virtual Teams

Groups of people who work together from different geographical locations and rely on communication technology to collaborate.

Videoconferencing

A technology that allows people in different locations to hold face-to-face meetings without having to move to a single location physically.

Marketing Firm

A company that specializes in creating and implementing marketing strategies to promote products or services to target audiences.