True/False
Jones signed a 90-day note promising to pay $1,000 plus interest.The note states interest is to be based on a variable published rate external to the note.The sum the borrower must repay is uncertain; therefore, under Revised Article
3, the note is not negotiable.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q17: Which of the following would not be
Q18: An instrument paying a fixed amount in
Q18: A written and signed promise by Miller
Q24: Which of the following is true of
Q32: The person who signs a note and
Q47: An instrument payable at a fixed time
Q48: A certificate of deposit differs from a
Q58: Under Revised Article 3,a check which meets
Q61: To be negotiable,the instrument must satisfy all
Q64: Postdating an instrument will destroy its negotiability.