A definite time required for negotiability would NOT be satisfied in which instance?
A) Payable on or before January 1,2015
B) Payable one week after demand is made
C) Payable one year from the completion of the building
D) A dated instrument payable "90 days after date"

Question

Quizplus · Accepted Answer

A definite time for negotiability requires that the instrument must be payable either on demand or at a fixed or determinable future time. Options A, B, and D specify a time or condition that can be determined, making them negotiable. However, option C, "Payable one year from the completion of the building," does not satisfy this requirement because the completion date of the building is uncertain, making the time of payment indeterminable.

A Definite Time Required for Negotiability Would NOT Be Satisfied