Multiple Choice
Rita owes $6,000 in unpaid taxes.In the sand of Seaside Beach,she exe?cutes an instrument for that amount that otherwise meets the re?quire?ments for negotiability.This instrument is likely
A) negotiable.
B) nonnegotiable,because an instrument must be on paper.
C) nonnegotiable,because sand is not sufficiently permanent.
D) nonnegotiable,because the government does not appreciate it.
Correct Answer:
Verified
Correct Answer:
Verified
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