Unformatted text preview: The instrument in this case meets the writing requirement in that it is handwritten and on something with a degree of permanence that is transferable. The instrument meets the requirement of being signed by the maker, as Muriel Evans’s signature (her name in her handwriting) appears in the body of the instrument. The instrument’s payment is not conditional and contains Muriel Evans’s definite promise to pay. In addition, the sum of $100 is both a fixed amount and payable in money (U.S. currency). Because the instrument is payable on demand and to bearer (Karen Marvin or any holder), the instrument is negotiable....
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- Spring '11
- Business Law, Promissory note, Negotiable instrument, Sample answer, Muriel Evans