Which of the Following Is True Regarding Jack's Claim That

Multiple Choice

Which of the following is true regarding Jack's claim that he had a negotiable instrument and could collect from Molly?

A) Jack is correct.
B) The agreement is not negotiable because it does not contain words of negotiability.
C) The agreement is not negotiable because the book was the wrong book.
D) The agreement is not negotiable because Jack was not a party to the original contract.
E) The agreement is not negotiable both because the amount at issue is insufficient to create a negotiable instrument.