Alice Johnson Issued a Note Payable Over 24 Equal Monthly

Multiple Choice

Alice Johnson issued a note payable over 24 equal monthly installments.The note contained a provision making the entire balance due immediately if Alice defaulted on two consecutive installments.The note contained:

A) an acceleration clause.
B) a liquidated damages provision.
C) a guarantee of prompt payment.
D) a contingent executory payment.
E) a prepayment clause.