Question: May a maker or acceptor have an option to extend
May a maker or acceptor have an option to extend payment without destroying negotiability?
Answer to relevant QuestionsWhat kind of writing is required for a negotiable instrument? Robinson had purchased a certificate of deposit ( CD) from a bank and had the instrument made payable to him. On its face, the instrument stipulated that if Robinson was deceased at the time the instrument was to be paid, ...Hargrove sold cars that were financed by loans to his customers from the First National Bank. Three customers signed promissory notes payable to the bank, and Hargrove wrote his own name on the reverse side of the notes. ...In what capacity is an accommodation party liable? A check written on December 3 is postdated to December 20 of the same year. Which of the following statements is correct? a. The check ceases to be demand paper and is payable on December 20. b. A postdated check destroys ...
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