When Is a Time Instrument Not Considered Overdue

Multiple Choice

When is a time instrument not considered overdue?

A) A time instrument is always overdue upon any missed payment.
B) When a party misses an installment payment on the principal.
C) When a party misses an interest payment on the instrument.
D) When a party fails to make a lump-sum payment by the due date.
E) When a party does not make payment on either the principal or interest.