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Cengage Advantage Books: Business Law 9th Edition by Arnold Goldman ,William Sigismond
Edition 9ISBN: 978-1133586562Cengage Advantage Books: Business Law 9th Edition by Arnold Goldman ,William Sigismond
Edition 9ISBN: 978-1133586562 Exercise 3
Which of the following circumstances would prevent a promissory note from being negotiable?
a. An acceleration clause that allows the holder to move up the maturity date of the note in the event of default
b. A clause that allows the maker to satisfy the note by the performance of services or the payment of money
c. The signature that appears in the body of the instrument
d. If the instrument is to be paid in German marks
a. An acceleration clause that allows the holder to move up the maturity date of the note in the event of default
b. A clause that allows the maker to satisfy the note by the performance of services or the payment of money
c. The signature that appears in the body of the instrument
d. If the instrument is to be paid in German marks
Explanation
Verified
Verified
Negotiable:
To be negotiable, or legall...
Cengage Advantage Books: Business Law 9th Edition by Arnold Goldman ,William Sigismond
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