Oren Signs an Instrument Payable to the Order of Pay-Out

Multiple Choice

Oren signs an instrument payable to the order of Pay-Out Loans, Inc., "on or before" June 15. This instrument is

A) ​negotiable.
B) ​not negotiable, because the maker can move up the payment date.
C) ​not negotiable, because moving up the payment date is optional.
D) ​not negotiable, because the exact payment date cannot be determined from the face of the instrument.