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Trixie Signs a $1,500 Note Payable, at 4

Question 4

Multiple Choice

Trixie signs a $1,500 note payable, at 4.25 percent interest, on October 1 to Urban Bank and writes on its face that it is "nonnegotiable." This note is


A) negotiable.
B) nonnegotiable, because it is dated.
C) nonnegotiable, because it is payable with interest.
D) nonnegotiable, because it includes the notation "nonnegotiable."

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