Olena Signs a Promissory Note Payable to the Order of Payday

Multiple Choice

Olena signs a promissory note payable to the order of Payday Loan Company.The note states that it is payable "with interest at the legal rate." This note is

A) negotiable.
B) nonnegotiable,because it does not specify a rate of interest.
C) nonnegotiable,because it is payable with interest.
D) nonnegotiable,because the exact amount payable cannot be deter?mined from the face of the instrument.