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Essay Multiple Choice

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All Jurisprudence based

0 tracked cards Remedial Law, Legal and Judicial Ethics, with Practical Exercises

Does possession of a signed promissory note necessarily prove that its principal is already demandable?

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No; maturity and any effective modifying terms must be examined. Yes; a creditor can ignore a binding extension at will. Yes; every note is due the moment a complaint is desired. Yes; future maturity clauses are always meaningless.

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