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Tom executed a note in favor of Jerry for $5,000. The note required Tom to make monthly payments of $500 a month for 10 months.
Tom executed a note in favor of Jerry for $5,000. The note required Tom to make monthly payments of $500 a month for 10 months. If Tom missed a payment, the entire balance still due on the note would become due and payable. This provision in the note is a(n) ______ clause.
a)allonge
b)extension
c) acceleration
d)punitive
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