In Samuel James Thompson V

Multiple Choice

In Samuel James Thompson v.First Citizens Bank & Trust Co. ,the case in the text in which the parties disagreed as to whether an instrument referenced as a certificate of deposit was actually negotiable,which of the following was the result?

A) The court ruled that the instrument was not negotiable because it contained a condition precedent and was not an unconditional order to pay.
B) The court ruled that the instrument was not negotiable because it lacked the signature of a bank representative.
C) The court ruled that the instrument was not negotiable because it clearly stated that it was non-transferable.
D) The court ruled that the instrument was not negotiable because it lacked the signatures of both parties.
E) The court ruled that the instrument was negotiable.