Which of the Following Is True Regarding Molly's Assertion That

Multiple Choice

Which of the following is true regarding Molly's assertion that Richard did not have a negotiable instrument?

A) Molly is incorrect, and the document by which Tim assigned the right to Richard is a negotiable instrument in regard to her duty to pay.
B) Molly is correct because her agreement with Tim was not in a writing containing words of negotiability.
C) Molly is correct because Richard was not a party to the original contract.
D) Molly is incorrect because her admission establishes the existence of a negotiable instrument between her and Tim that could be assigned to Richard.
E) Molly is correct because the amount at issue is insufficient to create a negotiable instrument.