True/False
A provision in a promissory note payable one year from its date that the maker may extend the maturity date six months impairs the note's negotiability.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q54: Notes and certificates of deposit are orders
Q55: An "I.O.U." is a negotiable instrument.
Q56: Only a bank may serve as the
Q57: Negotiability is wholly a matter of form.
Q58: Carol buys some items at the drugstore
Q60: Negotiability invests negotiable instruments with a high
Q61: If Sam writes a check drawn on
Q62: A draft involves three parties: a drawer,
Q63: The vital importance of negotiable instruments and
Q64: Bill's car broke down on a dark,