Multiple Choice
Which of the following statements,if it appeared on a negotiable instrument,would destroy the negotiability of that instrument?
A) "Payment for tuition."
B) "This instrument arises out of a sales contract between Sam and Sandy."
C) "This instrument hereby incorporates by reference the sales contract between Sam and Sandy."
D) "This note is secured by a mortgage."
E) "Charge to miscellaneous expense."
Correct Answer:
Verified
Correct Answer:
Verified
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