Multiple Choice
In which of the following situations is an instrument termed as overdue?
A) Where a check was made out 60 days ago.
B) Where there is a default in payment of interest on a note,but not in the payment of the principle.
C) Where the principal on a note is due in installments and an installment has not been paid.
D) Where a note dated January 1 is payable "30 days after date" and is paid on January 31.
Correct Answer:

Verified
Correct Answer:
Verified
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