International Properties,Inc.(IPI),signs an instrument in favor of Financial Investments Corporation that includes the statement "IPI plans to pay this debt from the proceeds of the sale of the IPI Office Building in Montreal." This instrument is
A)negotiable.
B)nonnegotiable,because banks cannot easily process office buildings.
C)nonnegotiable,because it refers to a separate sale.
D)nonnegotiable,because Montreal is in Canada,not the United States.

Question

Quizplus · Accepted Answer

The Answer of International Properties,Inc.(IPI),signs an instrument in favor of Financial Investments Corporation that includes the statement "IPI plans to pay this debt from the proceeds of the sale of the IPI Office Building in Montreal." This instrument is
A)negotiable.
B)nonnegotiable,because banks cannot easily process office buildings.
C)nonnegotiable,because it refers to a separate sale.
D)nonnegotiable,because Montreal is in Canada,not the United States.