Solved

USA Oil Corporation Signs an Instrument That States It Is

Question 48

Multiple Choice

USA Oil Corporation signs an instrument that states it is being exe?cuted "in accord with a contract for the purchase of 4,000 barrels of oil dated May 1." This instrument is


A) negotiable.
B) nonnegotiable, because information about the sale must be ob?tained from another source.
C) nonnegotiable, because it states an express condition to payment.
D) nonnegotiable, because the terms of the sale are not clear.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents