To obtain an extension of time for the payment of an account, a customer may issue a note for any portion of the amount due.

Name: To obtain an extension of time for the payment of an account, a customer may issue a note for any portion of the amount due.
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Issuing a note for a portion of the amount due is a common practice for obtaining an extension of time for payment, as it formalizes the agreement between the customer and the creditor regarding the deferred payment.

To Obtain an Extension of Time for the Payment of an Account