Multiple Choice
Valley Properties,Inc.(VPI) ,signs an instrument in favor of Wellspring Finance Corporation that includes the statement "VPI plans to pay this debt from the proceeds of the sale of the VPI Office Building in Xibalba,Mexico." This instrument is
A) negotiable.
B) nonnegotiable,because banks cannot easily process office buildings.
C) nonnegotiable,because it refers to a separate sale.
D) nonnegotiable,because Xibalba is in Mexico,not the United States.
Correct Answer:
Verified
Correct Answer:
Verified
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