An instrument payable at a fixed time subject to acceleration by the holder is not negotiable.

Name: An instrument payable at a fixed time subject to acceleration by the holder is not negotiable.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

An instrument that is payable at a fixed time but subject to acceleration by the holder can still be considered negotiable, as long as it meets the other requirements for negotiability under the Uniform Commercial Code (UCC). Acceleration clauses do not affect an instrument's negotiability.

An Instrument Payable at a Fixed Time Subject to Acceleration