A statement in an instrument that payment can be made only out of a particular fund renders it nonnegotiable.
Correct Answer:
Verified
Q19: To be negotiable, an instrument must have
Q20: Rubber stamp signatures can be legally binding
Q21: Fact Pattern 25-1
Erin draws a check payable
Q22: An instrument whose terms indicate payment to
Q23: To be negotiable, an instrument must be
Q25: To be negotiable, an order to pay
Q26: To be negotiable, an instrument must be
Q27: Fact Pattern 25-1
Erin draws a check payable
Q28: With an interest-bearing instrument, it is necessary
Q29: Fact Pattern 25-2
LNG Corporation and Mid-state Utility
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