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美国CPA模拟习题：商业环境——商业票据（二）
为了帮助参加2014年美国cpa考试的学员巩固知识，提高备考效果，正保会计网校特为大家整理了美国cpa考试模拟试题，帮助广大考生一起学习一起进步。
Under the Negotiable Instruments Article of the UCC, which of the following provisions satisfies the requirement that an instrument, to be negotiable, must be payable at a definite time?
a.The instrument is dated and payable "15 days after sight."
b.The instrument is dated and payable "in six months but the payor may extend this period indefinitely."
c.The instrument is undated and payable "when the payee dies."
d.The instrument is undated and payable "30 days after date."
Explanation
Choice "a" is correct. An instrument is payable at a definite time if it can be established from the face of the instrument when the obligation will become due. An obligation payable 15 days after sight is payable 15 days after it is presented for payment.
Choice "b" is incorrect. Although six months is a definite time, the option of the payor to extend indefinitely the time for payment destroys negotiability.
Choice "d" is incorrect. If an instrument is not dated, we cannot know when 30 days after date is. Therefore, this is not payable at a definite time.
Choice "c" is incorrect. Although the payee will die some day, we do not know when, so the date of payment is not definite.
【我要纠错】 责任编辑：小敏
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