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Cengage Advantage Books: Fundamentals of Business Law 9th Edition by Roger LeRoy Miller
Edition 9ISBN: 978-1111530624Cengage Advantage Books: Fundamentals of Business Law 9th Edition by Roger LeRoy Miller
Edition 9ISBN: 978-1111530624 Exercise 8
ISSUE SPOTTERS
Sabrina owes $600 to Yale, who asks Sabrina to sign an instrument for the debt. If included on that instrument, which of the following would prevent its negotiability-"I.O.U. $600," "I promise to pay $600," or an instruction to Sabrina's bank stating, "I wish you would pay $600 to Yale"? Why? (See pages 383-384.)
Sabrina owes $600 to Yale, who asks Sabrina to sign an instrument for the debt. If included on that instrument, which of the following would prevent its negotiability-"I.O.U. $600," "I promise to pay $600," or an instruction to Sabrina's bank stating, "I wish you would pay $600 to Yale"? Why? (See pages 383-384.)
Explanation
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Verified
If a bank instruction or any statement i...
Cengage Advantage Books: Fundamentals of Business Law 9th Edition by Roger LeRoy Miller
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