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A Note in Which the Maker Promises to Pay to the Order

Question 30

Multiple Choice

A note in which the maker promises to pay to the order of James Brown $1,000 or a seven-string Martin guitar:


A) is not negotiable because it contains a conditional promise.
B) is negotiable for payment of the guitar only.
C) is negotiable for payment only if James Brown is the holder of the instrument.
D) is not negotiable because it is not payable for money alone.

Correct Answer:

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