Chat with AI
Business Law and the Regulation of Business 11th Edition by Richard Mann, Barry Roberts
Edition 11ISBN: 978-1133587576Business Law and the Regulation of Business 11th Edition by Richard Mann, Barry Roberts
Edition 11ISBN: 978-1133587576 Exercise 13
On March 10, Tolliver Tolles, also known as Thomas Towle, delivered to Alonzo Craig and Abigail Craig the following instrument, written by him in pencil:
For value received, I, Thomas Towle, promise to pay to the order of Alonzo Craig or Abigail Craig One Thousand Seventy-Five ($1,000.75) Dollars six months after my mother, Alma Tolles, dies with interest at the rate of 9 percent from date to maturity and after maturity at the rate of 9 3=4 percent. I hereby waive the benefit of all laws exempting real or personal property from levy or sale.
Is this instrument negotiable? Explain.
For value received, I, Thomas Towle, promise to pay to the order of Alonzo Craig or Abigail Craig One Thousand Seventy-Five ($1,000.75) Dollars six months after my mother, Alma Tolles, dies with interest at the rate of 9 percent from date to maturity and after maturity at the rate of 9 3=4 percent. I hereby waive the benefit of all laws exempting real or personal property from levy or sale.
Is this instrument negotiable? Explain.
Explanation
Verified
Verified
Case summary:
TH received an instrument...
Business Law and the Regulation of Business 11th Edition by Richard Mann, Barry Roberts
Why don’t you like this exercise?
Other Minimum 8 character and maximum 255 character
Character 255
