Set Forth the Two Exceptions to the Time-Certain Requirement for Negotiability

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The Answer is First,an instrument that permits acceleration of payment does not violate the time-certain requirement as long as there is a fixed date of payment if the acceleration clause is not satisfied.Second,an instrument that permits an extension of the payment is still negotiable if there is a fixed time for payment.The time of payment may be extended if it is at the election of the holder.

Set Forth the Two Exceptions to the Time-Certain Requirement for Negotiability

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Set Forth the Two Exceptions to the Time-Certain Requirement for Negotiability

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Correct Answer:VerifiedShow Answer

Correct Answer:
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