A note from Mark Johnson with HealthCo International as payee for $28,979.15 included the following language: [p]ayable

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A note from Mark Johnson with HealthCo International as payee for $28,979.15 included the following language: 

[p]ayable in _________, Successive Monthly Installments of $ Each, and in 11 Successive Monthly Installments of $2,414.92 Each thereafter, and in a final payment of $2,415.03 thereafter. The first installment being payable on the ________ day of ______ 20 _____, and the remaining installments on the same date of each month thereafter until paid.

 Johnson signed the note. Is it negotiable? [Barclays Bank, P.L.C. v. Johnson, 499 S.E.2d 769 (N. C. App.)]

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Business Law Principles for Today's Commercial Environment

ISBN: 978-1305575158

5th edition

Authors: David P. Twomey, Marianne M. Jennings, Stephanie M Greene

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