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On Behalf of Bubbly Drinks Company, Calvin Signs an Instrument

Question 21

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.

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