What is the effect of a promissory note containing a conditional promise?
A) The note is void.
B) The note is voidable.
C) The note is enforceable even though it is nonnegotiable.
D) The note becomes negotiable once the condition is met.
E) The note is negotiable even though the promise is conditional.

Question

Quizplus · Accepted Answer

A promissory note with a conditional promise is nonnegotiable, but it can still be enforceable as a contract between the parties involved.

What Is the Effect of a Promissory Note Containing a Conditional