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Home Q & A Board Humanities Legal Studies
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madmadmad madmadmad
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6 years ago
Bruce agrees to buy Joe's ranch. They draw up a note, under which Bruce is to pay Joe in three installments, each payable on a specified date. Joe has concerns about Bruce's ability to pay on time, so he insists that the note include an acceleration clause. Such a clause would allow Joe to:
 A) accelerate the sale of the ranch.
 B)demand payment of the entire amount Bruce owes him if a certain event occurs.
 C)extend the date of maturity on the note until a certain date in the future.
 D)accelerate the statute of limitations in a case involving negotiable instruments
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somedaysundaysomedaysunday
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6 years ago
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madmadmad Author
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This helped my grade so much Perfect
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Thanks
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