In Heritage Bank v.Bruha,the case in the text,the court held that:
A)a variable rate of interest that referenced an index by Sherman County Bank rendered the promissory note nonnegotiable.
B)a promissory note that evidenced a revolving line of credit was not a negotiable instrument.
C)a promissory note obtained by fraud and/or misrepresentation was not a negotiable instrument.
D)a promissory note satisfies the "fixed amount of money" requirement if it pertains to a revolving line of credit.

Question

Quizplus · Accepted Answer

The court held that a promissory note that evidenced a revolving line of credit that was extended to a borrower was not a negotiable instrument.

In Heritage Bank V