Oliver 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) negotiable.
B) not negotiable, because banks cannot easily process commodities.
C) not negotiable, because it includes the specific date of a contract.
D) not negotiable, because it refers to an express contract.

Question

Oliver 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) ​negotiable.
B) ​not negotiable, because banks cannot easily process commodities.
C) ​not negotiable, because it includes the specific date of a contract.
D) ​not negotiable, because it refers to an express contract.

Quizplus · Accepted Answer

The Answer of Oliver 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) ​negotiable.
B) ​not negotiable, because banks cannot easily process commodities.
C) ​not negotiable, because it includes the specific date of a contract.
D) ​not negotiable, because it refers to an express contract.

Oliver Signs an Instrument That States It Is Being Executed