Suppose Sharwin Purchased $25 000 in Candles from Maggie,but Expressed

Multiple Choice

Suppose Sharwin purchased $25 000 in candles from Maggie,but expressed to Maggie that he did not have enough cash at the time to pay it all up front.Maggie decides to accept instalment payments from Sharwin at $5 000 each,with a clause stating that defaulted payments give Maggie the immediate right to claim her $25 000 owing plus interest.The negotiable instrument and its respective clause in this situation are

A) a bill of exchange with a lump sum clause.
B) a certified cheque with an acceleration clause.
C) a bill of exchange with a notice of dishonor.
D) a promissory note with a notice of dishonor.
E) a promissory note with an acceleration clause.