EZ Credit Company signs an instrument payable to the order of Fraser that states, The...
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EZ Credit Company signs an instrument payable to the order of Fraser that states, The maker of this note at the date of maturity, May can extend the time of payment but for no more than a reasonable time. This instrument is negotiable. nonnegotiable, because it includes an extension clause. nonnegotiable, because it is payable to a specific payee. nonnegotiable, because it is not payable within a definite time.
EZ Credit Company signs an instrument payable to the order of Fraser that states, The maker of this note at the date of maturity, May can extend the time of payment but for no more than a reasonable time. This instrument is
negotiable.
nonnegotiable, because it includes an extension clause.
nonnegotiable, because it is payable to a specific payee.
nonnegotiable, because it is not payable within a definite time.
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