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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 13
Sam Sharpe executed and delivered to Don Dole the following instrument:
Knoxville, Tennessee May 29, 2014
Thirty days after date I promise to pay Don Dole or order, Five Thousand Dollars. The holder of this instrument shall have the election to require the assignment and delivery to him of my 100 shares of Brookside Iron Works Corporation stock in lieu of the payment of Five Thousand Dollars in money.
(Signed) Sam Sharpe
Is this instrument negotiable? Explain.
Knoxville, Tennessee May 29, 2014
Thirty days after date I promise to pay Don Dole or order, Five Thousand Dollars. The holder of this instrument shall have the election to require the assignment and delivery to him of my 100 shares of Brookside Iron Works Corporation stock in lieu of the payment of Five Thousand Dollars in money.
(Signed) Sam Sharpe
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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