A signed promissory note stating "I promise to pay to Bonnie Ramcell $600 on December 15, 2012" is not covered by Article 3 of the UCC.
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Q1: An assignee of contractual rights acquires only
Q2: Jake signed and delivered a promissory note
Q2: A maker must sign in the lower,
Q5: Promissory notes serve an essential business purpose
Q8: Although the name of Article 3 has
Q12: Negotiability invests commercial paper with a high
Q12: An instrument payable at a definite time
Q12: To be negotiable,an instrument must be in
Q16: The Revised Article 3 of the UCC
Q17: Only a bank may serve as the
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