Multiple Choice
Karen writes on a piece of paper,"I owe you $600," signs it,and gives it to Lou.This instrument is
A) negotiable.
B) nonnegotiable,because it does not include an express promise to pay.
C) nonnegotiable,because it does not recite any consideration.
D) nonnegotiable,because it does not state any conditions to payment.
Correct Answer:
Verified
Correct Answer:
Verified
Q1: An instrument that promises to pay "in
Q2: An undated instrument is not negotiable.
Q3: Fact Pattern 24-1A (Questions A1-A2 apply)<br>Flik draws
Q5: To obtain office supplies for Doctors Medical
Q6: A promissory note payable to "bearer" is
Q7: Hayley signs an instrument payable to the
Q8: Ryan signs an instrument using an "R"
Q9: Shad signs a promissory note payable to
Q10: For an instrument to be negotiable,it need
Q11: A statement in an instrument that payment