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In Heritage Bank V

Question 6

Multiple Choice

In Heritage Bank v.Bruha,the case in the text,the court held that:


A) a variable rate of interest that referenced an index by Sherman County Bank rendered the promissory note nonnegotiable.
B) a promissory note that evidenced a revolving line of credit was not a negotiable instrument.
C) a promissory note obtained by fraud and/or misrepresentation was not a negotiable instrument.
D) a promissory note satisfies the "fixed amount of money" requirement if it pertains to a revolving line of credit.

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