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Under the Negotiable Instruments Article of the UCC, which of the following circumstances will prevent a promissory note from being negotiable?

A. An extension clause that allows the maker to elect to extend the time for payment to a date specified in the note.

B. An acceleration clause that allows the holder to move up the maturity date of the note in the event of default.

C. A person having a power of attorney signs the note on behalf of the maker.

D. A clause that allows the maker to satisfy the note by the performance of services or the payment of money.

Operation Management, Management Studies

  • Category:- Operation Management
  • Reference No.:- M91881385

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