Barton signed a promissory note promising to pay to the order of Scott Hudgens Realty & Mortgage,
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Barton signed a promissory note promising to pay to the order of Scott Hudgens Realty & Mortgage, Inc., the sum of $3,000. The note stated, “This amount is due and payable upon evidence of an acceptable permanent loan . . . and upon acceptance of the loan commitment.” Was the note negotiable? Why or why not? Barton v. Scott Hudgens Realty & Mortg., 222 S.E.2d 126 (GA).
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A negotiable instrument according to the Unformed Commercial Code UCC is a written document that con...View the full answer
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Related Book For 
Business Law With UCC Applications
ISBN: 9780073524955
13th Edition
Authors: Gordon Brown, Paul Sukys
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