Essay
Which of the following would NOT be negotiable? Explain.
a. A check with the name of the payee omitted.
b. A draft for 3,000 bushels of corn.
c. A check written in pencil on a paper towel.
d. A note stating that it is secured by a mortgage on a specified parcel of land.
e. A note stating "IOU fifty dollars."
Correct Answer:
Verified
a. The check is not negotiable, but it b...View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q10: Which of the following is correct with
Q12: A maker must sign in the lower,
Q14: A form of time draft known as
Q18: A written and signed promise by Miller
Q20: An "I.O.U." is not considered a negotiable
Q27: A check is a draft payable on
Q44: Joel's car broke down on a dark,
Q45: Which article of the UCC deals with
Q48: A certificate of deposit differs from a
Q61: To be negotiable,the instrument must satisfy all