Multiple Choice
Jenny owes Jamie $100 to repay a short-term loan they agreed to one evening at a restaurant. They signed this agreement on a bar napkin. Jamie owes Johnny $100 for babysitting services. Jamie can order Jenny to pay Johnny because it is
A) an implied warranty
B) an express warranty
C) a negotiable instrument
D) a warranty of fitness for a particular purpose
Correct Answer:
Verified
Correct Answer:
Verified
Q2: Selling a loan that is a negotiable
Q3: Name and describe the elements of a
Q4: In Danco, Inc. v. Commerce Bank/Shore, 675
Q5: A negotiable instrument must be in writing.
Q6: Sally promised to pay Samuel via a
Q8: A _ consists solely of the indorser's
Q9: To be payable on demand, an instrument
Q10: If an instrument is _ and thus
Q11: Negotiable instruments serve two vital commercial purposes:<br>A)
Q12: A promissory note creates a promise to