Ivan signs a promissory note payable to Jade on which Ivan conspicuously notes that it is "not negotiable" and gives the note to Jade.This instru?ment is
A)negotiable.
B)nonnegotiable,because it includes the notation "not negotiable."
C)nonnegotiable,because it is a promissory note.
D)nonnegotiable,because it was given to Jade.

Question

Quizplus · Accepted Answer

The notation "not negotiable" makes the instrument nonnegotiable, regardless of the fact that it is a promissory note and was given to Jade.

Ivan Signs a Promissory Note Payable to Jade on Which