C negotiable it is signed and has a specified amount

Info iconThis preview shows pages 2–3. Sign up to view the full content.

View Full Document Right Arrow Icon
c) Negotiable – it is signed and has a specified amount d) Nonnegotiable – doesn’t have a definite date e) Negotiable – has stated an amount and definite time f) Negotiable – there are three parties g) Nonnegotiable – there needs to be a date h) Negotiable – only as long as there is a date on the note when it was made i) Negotiable – specified date and amount j) Nonnegotiable – there’s no date k) Negotiable – only if there is a specified amount 2. a) Negotiable – as long as it was meant from the store as a whole b) Nonnegotiable – must be unconditional c) Negotiable – has the amount and who it is directed to d) Negotiable – there is promise to the note e) Nonnegotiable – there is a condition f) Nonnegotiable – there is a condition g) Nonnegotiable – must be fixed h) Negotiable – it is acceptable i) Negotiable – has the exact amount and to whom on a certain date j) Negotiable – promise is made 3. The document is nonnegotiable, even though it is written (handwriting is acceptable). As long as it is actually signed, it is also fine. There is also a promise to pay the sum of money. However, there is extra instruction, making the note conditional, which makes it nonnegotiable.
Background image of page 2

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
02:47
Background image of page 3
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

Page2 / 3

c Negotiable it is signed and has a specified amount d...

This preview shows document pages 2 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online