Multiple Choice
Three of the following render an instrument nonnegotiable;one does not affect negotiability.Which of the following does NOT affect negotiability?
A) A draft that says: "Pay to the order of Sue Smith once she repairs my computer."
B) An instrument that says only: "This confirms my $1,000 debt to Sue Smith."
C) A note that says: "Payment is conditional upon the terms of the mortgage between the parties dated June 1,2000."
D) A notes that says: "This note is secured by the property described in the parties' mortgage of June 1,2000."
Correct Answer:
Verified
Correct Answer:
Verified
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