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Business Law 11th Edition by Kenneth Clarkson,Roger LeRoy Miller,Gaylord Jentz,Frank Cross
Edition 11ISBN: 978-0324655223Business Law 11th Edition by Kenneth Clarkson,Roger LeRoy Miller,Gaylord Jentz,Frank Cross
Edition 11ISBN: 978-0324655223 Exercise 10
Negotiable Instruments Sabrina Runyan writes the following note on a sheet of paper: "I, the undersigned, do hereby acknowledge that 1 owe Leo Woo one thousand dollars, with interest, payable out of the proceeds of the sale of my horse, Lightning, next month. Payment is to be made on or before six months from date." Discuss specifically why this is not a negotiable instrument.
Explanation
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Negotiable Instruments:
It is a documen...
Business Law 11th Edition by Kenneth Clarkson,Roger LeRoy Miller,Gaylord Jentz,Frank Cross
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