Multiple Choice
On behalf of Bubbly Drinks Company, Calvin signs an instrument in which he promises to deliver 100 cases of soda as payment to Dispatch & Delivery, Inc., on April 1. This instrument is
A) negotiable.
B) not negotiable, because soda is not a medium of exchange authorized or adopted by a government as currency.
C) not negotiable, because it does not identify a specific soda.
D) not negotiable, because it does not recite any consideration.
Correct Answer:

Verified
Correct Answer:
Verified
Q16: Fred has six nieces, ages five to
Q17: For an instrument to be negotiable, the
Q18: Laura writes on a piece of paper,
Q19: Jane signs an instrument using a "J"
Q20: A time draft is payable at a
Q22: Rico agrees to buy a bicycle from
Q23: On a cashier's check, the bank is
Q24: A sight draft may be payable on
Q25: On a trade acceptance, the drawer is
Q26: For an instrument to be negotiable, it