
Business Law and the Regulation of Business 11th Edition by Richard Mann, Barry Roberts
Edition 11ISBN: 978-1133587576
Business Law and the Regulation of Business 11th Edition by Richard Mann, Barry Roberts
Edition 11ISBN: 978-1133587576 Exercise 14
Henry Hughes, who operates a department store, executed the following instrument:
Chicago, Illinois
March 5, 2013
On July 1, 2013, I promise to pay Daniel Dalziel, or order, the sum of Twenty-Six Hundred Dollars for the privilege of one framed advertising sign, size 24 36 inches, at one end of each of two hundred sixty motor coaches of the New Omnibus Company for a term of three months from May 15, 2013.
Henry Hughes
Is this instrument negotiable? Explain.
Chicago, Illinois
March 5, 2013
On July 1, 2013, I promise to pay Daniel Dalziel, or order, the sum of Twenty-Six Hundred Dollars for the privilege of one framed advertising sign, size 24 36 inches, at one end of each of two hundred sixty motor coaches of the New Omnibus Company for a term of three months from May 15, 2013.
Henry Hughes
Is this instrument negotiable? Explain.
Explanation
Case summary:
HH promised to pay $2600 ...
Business Law and the Regulation of Business 11th Edition by Richard Mann, Barry Roberts
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