A promissory note payable "on the day of the next presidential election" is
A) nonnegotiable.
B) unenforceable.
C) void.
D) negotiable.
Correct Answer:
Verified
Q18: Today check processing is done electronically. Consequently
Q19: The words order and bearer are words
Q20: Article 3 of the UCC is the
Q21: It is not a requirement of a
Q22: A(n) _ is a promise by a
Q24: If an instrument is negotiable, it
A) can
Q25: The signature on a negotiable instrument must
A)
Q26: An IOU for $500 is
A) illegal.
B) a
Q27: An instrument stating on its face, "Pay
Q28: A(n) _ refers to a written document
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