Multiple Choice
Roger,a certified lawyer,borrows money from Jax to start a business.He executes a promissory note stating that he will repay the money within the next five years if he inherits any money from his parents.Which of the following is true of the negotiability of the promissory note executed by Roger?
A) It is negotiable for the next five years.
B) It is invalid.
C) It is a nonnegotiable instrument.
D) It is a negotiable instrument if Jax accepts it.
Correct Answer:
Verified
Correct Answer:
Verified
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