Solved

Rye Signs a $1,000 Note Payable,at 6 Percent Interest,on May

Question 13

Multiple Choice

Rye signs a $1,000 note payable,at 6 percent interest,on May 1 to Suburban Bank and writes on its face that it is "nonnegotiable." This note is


A) negotiable.
B) nonnegotiable,because it is dated.
C) nonnegotiable,because it is payable with interest.
D) nonnegotiable,because it includes the notation "nonnegotiable."

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions