An instrument that becomes overdue at any time after the expressed due date on it is which type of instrument?
A)Dishonored instrument.
B)Overdue instrument.
C)Altered instrument.
D)Demand instrument.
E)Time instrument.

Question

Quizplus · Accepted Answer

A)A time instrument becomes overdue at any time after the expressed due date on
it.Suppose a customer tries to negotiate a promissory note to you on January 2,2016.However,the note states that it is payable by January 1,2016.You have notice that the note is overdue;you must have acquired it before January 1,2016,for it to be negotiable.
B)A time instrument becomes overdue at any time after the expressed due date on it.Suppose a customer tries to negotiate a promissory note to you on January 2,2016.However,the note states that it is payable by January 1,2016.You have notice that the note is overdue;you must have acquired it before January 1,2016,for it to be negotiable.
C)A time instrument becomes overdue at any time after the expressed due date on it.Suppose a customer tries to negotiate a promissory note to you on January 2,2016.However,the note states that it is payable by January 1,2016.You have notice that the note is overdue;you must have acquired it before January 1,2016,for it to be negotiable.

An Instrument That Becomes Overdue at Any Time After the Expressed