Tyron purchased a $2,900 promissory note from Jared for the discounted amount of $2,500.Tyron paid value,in good faith and without notice of any outstanding claims against this promissory note that read,"Pay to the order of Jared $2,900 on July 1,2009,for the purchase of a 2001 Ford Taurus provided no major problems with the car arise prior to said payment date." Tyron is a holder in due course of a negotiable note.

Question

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The note contains a conditional statement ("provided no major problems with the car arise prior to said payment date"), which means it does not meet the unconditional promise requirement for negotiability under the Uniform Commercial Code (UCC). Therefore, Tyron cannot be a holder in due course of a negotiable note because the note itself is not negotiable due to its conditional language.

Tyron Purchased a $2,900 Promissory Note from Jared for the Discounted