Multiple Choice
Tree Nursery signs an instrument that states with certainty a fixed amount to be paid at the time the instrument is payable. Fixed amount means that the amount must be
A) stated as a fixed, not a variable, rate.
B) ascertainable from the face of the instrument.
C) determinable before the time it is payable.
D) all of the choices.
Correct Answer:

Verified
Correct Answer:
Verified
Q43: In response to an order for flour
Q44: Marin writes on a piece of paper,
Q45: A check is not a demand instrument,
Q46: Special requirements for the form and content
Q47: An instrument is not negotiable unless it
Q49: Wen writes an instrument that states it
Q50: Fresh Fruit Company accepts a check from
Q51: On an instrument, a mere reference to
Q52: In a domestic sale of goods, Boxes
Q53: A promissory note signed to obtain a