When is a time instrument not considered overdue?
A) When a party fails to make a lump-sum payment by the due date.
B) When a party misses an interest payment on the instrument.
C) When a party misses an installment payment on the principal.
D) When a party does not make payment on either the principal or interest.
E) A time instrument is always overdue upon any missed payment.

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The Answer of When is a time instrument not considered overdue?
A) When a party fails to make a lump-sum payment by the due date.
B) When a party misses an interest payment on the instrument.
C) When a party misses an installment payment on the principal.
D) When a party does not make payment on either the principal or interest.
E) A time instrument is always overdue upon any missed payment.

When Is a Time Instrument Not Considered Overdue