menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Smith and Robersons Business Law
  4. Exam
    Exam 26: Form and Content
  5. Question
    Michael Is the Maker of a Note Which States That
Solved

Michael Is the Maker of a Note Which States That

Question 2

Question 2

Essay

Michael is the maker of a note which states that it will be due on March 10,2015.The note contains a clause stating that "payment will be limited to the proceeds of the sale of the contents of freight car No.1234." Is the note negotiable? Why or why not? Explain.

Correct Answer:

verifed

Verified

Related Questions

Q1: Which of the following is not a

Q3: Which of the following would not be

Q4: The Code section which sets forth the

Q5: Which of the following will destroy negotiability?<br>A)

Q6: Which of the following will destroy negotiability?<br>A)

Q7: Negotiability is wholly a matter of form.

Q8: An instrument which is ambiguous as to

Q9: What are the requirements of negotiability under

Q10: Which of the following is correct with

Q11: Paper payable "on demand" fails the test

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines