​Jacob Signs a Promissory Note Payable to Kent "With Interest

Multiple Choice

​Jacob signs a promissory note payable to Kent "with interest" on which he conspicuously notes that it is "nonnegotiable." This instrument is

A) ​negotiable.
B) ​nonnegotiable, because it includes the notation "nonnegotiable."
C) ​nonnegotiable, because it does not specify a rate of interest.
D) ​nonnegotiable, because the exact amount payable cannot be determined from the face of the instrument.