USA Gasoline Corporation signs an instrument that states it is being exe?cuted "in accord with a contract for the sale of 4,000 barrels of oil dated May 1." This instrument is
A) negotiable.
B) nonnegotiable,because information about the sale must be ob?tained from another source.
C) nonnegotiable,because it states an express condition to payment.
D) nonnegotiable,because the terms of the sale are not clear.
Correct Answer:
Verified
Q24: Karen writes on a piece of paper,"I
Q25: On April 1 Richard arranges to buy
Q35: Kelly signs an instrument in favor of
Q43: Ron signs an instrument using an "R"
Q44: To finance the purchase of a house
Q50: Kris wants one of Jasmine's purebred Persian
Q51: To borrow money to finance the start-up
Q52: Alpha Company issues a trade acceptance with
Q54: Willy deposits $5,000 with Home State Bank
Q59: Ralph signs an instrument promising to pay
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents