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Ben signs a promissory note for $ 1 , 5 0 0 in favor of Community College. The note is undated but specifies that it
Ben signs a promissory note for $ in favor of Community College. The note is undated but specifies that it is "payable one month after date." This note is nonnegotiable, because one month is not a reasonable time. nonnegotiable, because there is no option to pay early. nonnegotiable, because the maturity date cannot be determined from the face of the instrument. negotiable. 
Ben signs a promissory note for $ in favor of Community College. The note is undated but specifies that it is "payable one month after date." This note is
nonnegotiable, because one month is not a reasonable time.
nonnegotiable, because there is no option to pay early.
nonnegotiable, because the maturity date cannot be determined from the face of the instrument.
negotiable.
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Measurement Theory In Action
Authors: Kenneth S Shultz, David Whitney, Michael J Zickar
3rd Edition
9780367192181
