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Direct Connect Company Orders a Quantity of Wire from Electric

Question 68

Multiple Choice

Direct Connect Company orders a quantity of wire from Electric Supply Inc. To finance the purchase, Direct signs a note that includes a reference to the parties' contract, a payment schedule, and a security agreement. This note is


A) negotiable.
B) nonnegotiable, because it refers to the parties' contract.
C) nonnegotiable, because it refers to a payment schedule.
D) nonnegotiable, because it refers to a security agreement.

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