Multiple Choice
On behalf of Equity Capital,Inc. ,Flip signs an instrument promis?ing to pay $5,000 in gold to Growth Investments,Inc. ,on May 15.This in?strument is
A) negotiable.
B) nonnegotiable,because gold is not a medium of exchange author?ized or adopted by a government as currency.
C) nonnegotiable,because it does not recite any consideration.
D) nonnegotiable,because it is for an amount of $500 or more.
Correct Answer:
Verified
Correct Answer:
Verified
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