Multiple Choice
On January 1,Kane issues a note payable to Lorena on May 1.On April 29,Kane dies.In this situation,the note is
A) dishonored.
B) payable immediately.
C) payable within a reasonable time.
D) payable May 1.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q1: An unauthorized signature will not bind the
Q2: Intentional cancellation of an instrument discharges the
Q3: Biff signs a note "payable to the
Q4: Delores's Restaurante borrows $100,000 at 6 percent
Q5: Kris is an administrative assistant with Little
Q7: Universal defenses are good against all holders
Q8: Cole issues a note "payable to the
Q9: If delivery of goods becomes impossible,a party
Q11: Molly signs a promissory note payable to
Q69: The dishonor of an instrument relieves secondary