Alexandra bought a snow blower from Rajeev.The price was $5000.As payment, she gave him a document entitled "Promissory Note" that contained her unconditional promise to pay $5000 to him "when the snow next falls." Even though that document does not satisfy the requirements of the Bills of Exchange Act, Rajeev is still entitled to receive $5000 from Alexandra if the condition is met.

Question

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Although the Promissory Note document does not satisfy the requirements of the Bills of Exchange Act, it still serves as evidence of Alexandra's promise to pay Rajeev the $5000 when the condition of the snow falling next is met. Therefore, Rajeev is entitled to receive the payment if and when the condition is satisfied.

Alexandra Bought a Snow Blower from Rajeev