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Pedro Signs an Instrument That States It Is Being Executed

Question 13

Multiple Choice

Pedro signs an instrument that states it is being executed "as per a contract for the sale of a case of apples dated May 1." This instrument is


A) negotiable.
B) notnegotiable,because banks cannot easily process commodities.
C) notnegotiable,because it includes the specific date of a contract.
D) notnegotiable,because it refers to an express contract.

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