Multiple Choice
Rupert owes $5,000 in unpaid taxes.Using the back of an old t-shirt,he exe?cutes an instrument for $5,000 that otherwise meets the re?quire?ments for negotiability.This instrument is most likely
A) negotiable.
B) nonnegotiable,because an instrument must be on paper.
C) nonnegotiable,because a t-shirt is not sufficiently permanent.
D) nonnegotiable,because the government does not appreciate it.
Correct Answer:
Verified
Correct Answer:
Verified
Q31: Tyrone draws a check payable to "Cash"
Q33: A negotiable instrument can function as an
Q34: An instrument that is "payable on presentment"
Q35: On a cashier's check,the drawer is also
Q37: Fact Pattern 24-1B <br>Dominion Sales Ltd.in Canada
Q38: Wilbur signs a note that includes a
Q39: Daria signs an instrument payable to the
Q40: Fact Pattern 24-1B <br>Dominion Sales Ltd.in Canada
Q41: Kevin,the owner of Livestock Ranch Corporation,signs an
Q43: An instrument that promises to pay "in