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Shad Signs a Promissory Note Payable to Theresa "With Interest

Question 9

Multiple Choice

Shad signs a promissory note payable to Theresa "with interest" on which he conspicuously notes that it is "nonnegotiable." This instru?ment is


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

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