Multiple Choice
A(n) ________ allows a payee or holder to quicken payment of the principal amount of an instrument,plus accrued interest,upon the occurrence of an event.
A) acceleration clause
B) prepayment clause
C) extension clause
D) forestallment clause
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q24: A _ is a three-party instrument that
Q77: A check is drawn on a financial
Q78: The permanency requirement of negotiable instruments says
Q79: One of the fundamental requirements for a
Q81: A _ is a special form of
Q83: Hannah has to repay $4,678 to Ray.She
Q84: Which of the following is true of
Q85: A promissory note is an order to
Q86: Harry orally promises to pay $7,543 that
Q87: A promissory note is an unconditional written