A check becomes overdue:
A)30 days after its date.
B)60 days after its date.
C)90 days after its date.
D)after a "reasonable" period of time,in the light of trade practice.

Question

Quizplus · Accepted Answer

In order to qualify as a holder in due course,a person must take a negotiable instrument before he has notice that it either is overdue or has been dishonored.If a negotiable instrument is payable on demand,it is overdue (1)the day after demand for payment has been made in a proper manner and form; (2)90 days after its date if it is a check.

A Check Becomes Overdue