Jenny owes Jamie $100 to repay a short-term loan they agreed to one evening at a restaurant. They signed this agreement on a bar napkin. Jamie owes Johnny $100 for babysitting services. Jamie can order Jenny to pay Johnny because it is
A) an implied warranty
B) an express warranty
C) a negotiable instrument
D) a warranty of fitness for a particular purpose
Correct Answer:
Verified
Q14: Negotiable instruments serve two vital commercial purposes:
A)
Q15: Selling a loan that is a negotiable
Q16: The UCC defines a _ as a
Q17: A negotiable instrument can be an unconditional
Q18: _ currency is acceptable as a basis
Q20: To be payable on demand, an instrument
Q21: In Smith v. Vaughn, 174 Ohio App.
Q22: An _ can be classified as a
Q23: A _ is simply a written order
Q24: A draft involves three parties:
A) a payor,
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