Jack signs an instrument that states it is being executed "as per a contract for the sale of three magic beans dated June 1." This instru?ment is
A) negotiable.
B) nonnegotiable,because banks cannot easily process commodities.
C) nonnegotiable,because it includes the specific date of a contract.
D) nonnegotiable,because it refers to an express contract.
Correct Answer:
Verified
Q20: An undated instrument is not negotiable.
Q21: Fact Pattern 24-1A (Questions A1-A2 apply)
Flik draws
Q22: Bagels n' Coffee Café issues an instrument
Q23: Quincy draws a check payable to "Replay
Q24: Karen writes on a piece of paper,"I
Q26: Locke signs a check payable to the
Q27: To finance the purchase of a car
Q28: Hayley signs an instrument payable to the
Q29: Fact Pattern 24-2A (Questions A3-A4 apply)
Commodity Sales
Q30: On behalf of Digital Cable Company,Elvin signs
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