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Juice Company Signs an Instrument That States It Is Being

Question 16

Multiple Choice

Juice Company signs an instrument that states it is being executed "as per a contract for the sale of a case of oranges dated May 1." This instrument is


A) negotiable.
B) nonnegotiable, because banks cannot easily process commodities.
C) nonnegotiable, because it includes the specific date of a contract.
D) nonnegotiable, because it refers to an express contract.

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