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Mike Borrows $25,000 from Jill,and Executes a Promissory Note Stating

Question 100

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Mike borrows $25,000 from Jill,and executes a promissory note stating that he will repay the money in one year.Mike also requests for a clause that allows him to repay the loan prior to the due date to which Jill agrees.In this scenario,Mike is requesting for a(n) ________ clause.


A) prepayment
B) acceleration
C) extension
D) forestallment

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