Ida Executes an Instrument in Favor of Joy That States,"The

Multiple Choice

Ida executes an instrument in favor of Joy that states,"The holder of this note at the date of maturity,July 1,2010,can extend the time of pay?ment indefinitely,if the holder so desires." After July 1,2010,this in?strument is

A) a bearer instrument.
B) a demand instrument.
C) a nonnegotiable instrument.
D) an order instrument.