Solved

On the Back of an Envelope, Clark Writes, "I Promise

Question 42

Essay

On the back of an envelope, Clark writes, "I promise to pay Dobie or bearer $700 on de?mand. [Signed] Clark." What type of instrument is this? Is it nego?tiable? If not, why not?

Correct Answer:

verifed

Verified

This instrument is a promissory note and...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions