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Smith and Roberson's Business Law 16th Edition by Richard Mann,Barry Roberts
Edition 16ISBN: 978-1285428253Smith and Roberson's Business Law 16th Edition by Richard Mann,Barry Roberts
Edition 16ISBN: 978-1285428253 Exercise 10
Henry Hughes, who operates a department store, executed the following instrument:
$2,600 Chicago, March 5, 2014
On July 1, 2014, I promise to pay Daniel Dalziel, or order, the sum of Twenty-Six Hundred Dollars for the privilege of one framed advertising sign, size 24 × 36 inches, at one end of each of two hundred sixty motor coaches of the New Omnibus Company for a term of three months from May 15, 2014.
(Signed) Henry Hughes
Is this instrument negotiable? Explain.
$2,600 Chicago, March 5, 2014
On July 1, 2014, I promise to pay Daniel Dalziel, or order, the sum of Twenty-Six Hundred Dollars for the privilege of one framed advertising sign, size 24 × 36 inches, at one end of each of two hundred sixty motor coaches of the New Omnibus Company for a term of three months from May 15, 2014.
(Signed) Henry Hughes
Is this instrument negotiable? Explain.
Explanation
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Smith and Roberson's Business Law 16th Edition by Richard Mann,Barry Roberts
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