Multiple Choice
Which of the following is nonnegotiable?
A) A note that does not state any other undertaking by the person promising to do any act in addition to the payment of money
B) A draft payable "15 days after sight"
C) A note with a clause permitting the time for payment to be accelerated at the option of the maker
D) A note that is payable "when the interest rate on 30-year treasury bonds reaches 10 percent"
Correct Answer:
Verified
Correct Answer:
Verified
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