Overdue Payment of Negotiable Instrument

Interactive Video
•
Business, Social Studies
•
University
•
Hard
Wayground Content
FREE Resource
Read more
5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is it important to know if an instrument is overdue?
It affects the color of the paper.
It changes the currency of the payment.
It determines the interest rate of the instrument.
It affects the rights of the individual presenting the paper.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What happens if a demand instrument is not paid immediately when presented?
It is returned to the issuer.
It becomes invalid.
It is considered overdue.
It gains interest.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When is a time instrument considered overdue?
If presented before the due date.
If presented only after a year.
If presented on or after the due date.
If presented within 30 days of the due date.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How long after its posted date is a check generally considered overdue?
90 days
60 days
30 days
120 days
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What can happen if an instrument is presented after an unreasonably long time?
It can be returned with interest.
It can be invalidated.
It can be accepted with a penalty.
It can be converted to a loan.
Similar Resources on Wayground
3 questions
Holder in Due Course - Notice of Valid Defense

Interactive video
•
University
3 questions
What is a Holder in Due Course?

Interactive video
•
University
3 questions
Lost Negotiable Instruments

Interactive video
•
University
3 questions
Overdue Payment of Negotiable Instrument

Interactive video
•
University
6 questions
Holder in Due Course - Notice of Valid Defense

Interactive video
•
University
2 questions
Holder in Due Course - Notice of Valid Defense

Interactive video
•
University
8 questions
Commercial Paper (Intro)

Interactive video
•
University
6 questions
Drawer or Maker Liability to Pay Negotiable Instrument

Interactive video
•
University
Popular Resources on Wayground
18 questions
Writing Launch Day 1

Lesson
•
3rd Grade
11 questions
Hallway & Bathroom Expectations

Quiz
•
6th - 8th Grade
11 questions
Standard Response Protocol

Quiz
•
6th - 8th Grade
40 questions
Algebra Review Topics

Quiz
•
9th - 12th Grade
4 questions
Exit Ticket 7/29

Quiz
•
8th Grade
10 questions
Lab Safety Procedures and Guidelines

Interactive video
•
6th - 10th Grade
19 questions
Handbook Overview

Lesson
•
9th - 12th Grade
20 questions
Subject-Verb Agreement

Quiz
•
9th Grade