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.

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