Sam Sharpe executed and delivered to Don Dole the following instrument: Knoxville, Tennessee May 29, 2015 Thirty
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Knoxville, Tennessee
May 29, 2015
Thirty days after date I promise to pay Don Dole or order Five Thousand Dollars. The holder of this instrument shall have the election to require the assignment and delivery to him of my 100 shares of Brookside Iron Works Corporation stock in lieu of the payment of Five Thousand Dollars in money.
(Signed) Sam Sharpe
Is this instrument negotiable? Explain.
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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Related Book For
Essentials of Business Law and the Legal Environment
ISBN: 978-1305075436
12th edition
Authors: Richard A. Mann, Barry S. Roberts
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