Northwest Energy Corporation signs an instrument that states it is being exe?cuted "as per contract for a purchase of 4,000 barrels of oil dated September 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 contract are not clear on the face of the instrument.

Question

Quizplus · Accepted Answer

The Answer of Northwest Energy Corporation signs an instrument that states it is being exe?cuted "as per contract for a purchase of 4,000 barrels of oil dated September 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 contract are not clear on the face of the instrument.

Northwest Energy Corporation Signs an Instrument That States It Is