Pedro signs an instrument that states it is being executed "as per a contract for the sale of a case of apples dated May 1." This instrument is
A) not necessarily nonnegotiable .
B) nonnegotiable, because banks cannot easily process commodities.
C) nonnegotiable, because it includes the specific date of a contract.
D) nonnegotiable, because it refers to an express contract.

Question

Quizplus · Accepted Answer

The Answer of Pedro signs an instrument that states it is being executed "as per a contract for the sale of a case of apples dated May 1." This instrument is
A) not necessarily nonnegotiable .
B) nonnegotiable, because banks cannot easily process commodities.
C) nonnegotiable, because it includes the specific date of a contract.
D) nonnegotiable, because it refers to an express contract.

Pedro Signs an Instrument That States It Is Being Executed