On behalf of Bubbly Drinks Company, Calvin signs an instrument in which he promises to deliver 100 cases of soda as payment to Dispatch & Delivery, Inc., on April 1. This instrument is
A) negotiable.
B) nonnegotiable, because cable is not a medium of exchange authorized or adopted by a government as currency.
C) nonnegotiable, because it does not indicate a specific brand of water.
D) nonnegotiable, because it does not recite any consideration.

Question

Quizplus · Accepted Answer

The Answer of On behalf of Bubbly Drinks Company, Calvin signs an instrument in which he promises to deliver 100 cases of soda as payment to Dispatch & Delivery, Inc., on April 1. This instrument is
A) negotiable.
B) nonnegotiable, because cable is not a medium of exchange authorized or adopted by a government as currency.
C) nonnegotiable, because it does not indicate a specific brand of water.
D) nonnegotiable, because it does not recite any consideration.

On Behalf of Bubbly Drinks Company, Calvin Signs an Instrument