Which of the Following Was the Result in Samuel James

Multiple Choice

Which of the following was the result in Samuel James Thompson v.First Citizens Bank & Trust Co.,the case in the text in which the parties disagreed as to whether an instrument referenced as a certificate of deposit was actually negotiable?

A) The court ruled that the instrument was negotiable.
B) The court ruled that the instrument was not negotiable because it clearly stated that it was non-transferable.
C) The court ruled that the instrument was not negotiable because it lacked the signatures of both parties.
D) The court ruled that the instrument was not negotiable because it lacked the signature of a bank representative.
E) The court ruled that the instrument was not negotiable because it contained a condition precedent and was not an unconditional order to pay.