Which of the following instruments is negotiable?
A) A note which states,"I promise to pay to the order of Karl Adams $1,000 if he replaces the roof on my garage."
B) An instrument which provides,"Payment is subject to the terms of a mortgage dated November 20,2009."
C) A note which contains the statement,"This note is secured by a mortgage dated August 30,2009."
D) An instrument which reads,"I promise to pay to the order of MyHome Appliance Co.$550 sixty days after the delivery of my new refrigerator."
Correct Answer:
Verified
Q30: A note in which the maker promises
Q31: Richard borrowed $100 from his friend,Leonard Smith.Richard
Q32: Emily Henrik residing in the state of
Q33: A holder in due course takes the
Q34: An instrument must be signed to qualify
Q36: The FTC has adopted a regulation that:
A)follows
Q37: A teller's check:
A)is a draft drawn by
Q38: If an instrument is nonnegotiable:
A)the Code controls
Q39: The promise or order in an instrument
Q40: A traveler's check that requires,as a condition
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