Wilbur signs a note that includes a clause under which the note's holder can delay the date of its payment indefinitely.This is
A)an acceleration clause.
B)an extension clause.
C)an immaturity clause.
D)a stop-payment clause.

Question

Quizplus · Accepted Answer

The clause that allows for the delay of payment is an extension clause. The other choices are not relevant to the situation described.

Wilbur Signs a Note That Includes a Clause Under Which