Solved

Alexandra Bought a Snow Blower from Rajeev

Question 44

True/False

Alexandra bought a snow blower from Rajeev.The price was $5000.As payment, she gave him a document entitled "Promissory Note" that contained her unconditional promise to pay $5000 to him "when the snow next falls." Even though that document does not satisfy the requirements of the Bills of Exchange Act, Rajeev is still entitled to receive $5000 from Alexandra if the condition is met.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions