00 two hundred thousand

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Unformatted text preview: $200,000.00 Two hundred thousand . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Dollars Payable to the order of Pablo Payee on December 1, 2000, with interest only to maturity at the rate of Seven percent (7%) per annum upon surrender of this certificate properly indorsed. The Mountain Bamk By (Signature) Malcolm Maker, Vice President Authorized Signature Formal Requirements of Negotiable Instruments Negotiable s s s Writing – any reduction to tangible form is sufficient. sufficient. Signed – any symbol executed or adopted by a party with the intention to validate a writing. party Promise or Order to Pay – Promise to Pay – an undertaking to pay, which must be more than a mere acknowledgment or recognition of an existing debt. recognition – Order to Pay – instruction to pay. instruction s Unconditional – an absolute promise to pay that is not subject to any contingencies. that Formal Requirements of Negotiable Instruments Negotiable s s s Reference to Other Agreements – does not destroy negotiability unless the recital makes the instrument subject to or governed by the t...
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This note was uploaded on 10/25/2009 for the course LAW 100 taught by Professor Liu during the Spring '09 term at Zhejiang University.

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