Expain whether each of the following would be negotiable or not negotiable.
a. A check with the amount payable omitted.
b. A draft for 3,000 bushels of corn.
c. A check written in pencil on a paper towel.
d. A note stating that it is secured by a mortgage on a specified parcel of land.
e. A note stating "IOU fifty dollars."

Question

Expain whether each of the following would be negotiable or not negotiable. 
a. A check with the amount payable omitted. 
b. A draft for 3,000 bushels of corn. 
c. A check written in pencil on a paper towel. 
d. A note stating that it is secured by a mortgage on a specified parcel of land. 
e. A note stating "IOU fifty dollars."

Quizplus · Accepted Answer

The Answer of Expain whether each of the following would be negotiable or not negotiable. 
a. A check with the amount payable omitted. 
b. A draft for 3,000 bushels of corn. 
c. A check written in pencil on a paper towel. 
d. A note stating that it is secured by a mortgage on a specified parcel of land. 
e. A note stating "IOU fifty dollars."

Expain Whether Each of the Following Would Be Negotiable or Not