Laura Writes on a Piece of Paper, "I Owe You

Multiple Choice

Laura writes on a piece of paper, "I owe you $400," signs it, and gives it to Max. This instrument is

A) ​negotiable.
B) ​not negotiable, because it does not include an express promise to pay.
C) ​not negotiable, because it does not recite any consideration.
D) ​not negotiable, because it does not state any conditions to payment.