Multiple Choice
Eton executes a preprinted promissory note to First Bank without filling in the due date. The bank does not complete the form by adding the date. The note is
A) not payable.
B) payable on demand.
C) payable thirty days after issue.
D) payable at the election of the maker.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q29: Transfer of a note "payable to the
Q30: Liam, who is authorized to draw checks
Q31: Quint brings a draft drawn on Regional
Q32: Because he or she was in the
Q33: Lon is Mill Corporation's agent and is
Q35: The proper presentment of a negotiable instrument
Q36: Because banks rely on transfer warranties in
Q37: Wang obtains a loan from Xi and
Q38: A holder can impair the value of
Q39: What renders a note negotiable is the