Question
1. Why are negotiable instruments not considered legal tender? 2. Pay to Jose or his order, P100,000.00 as payment for the car I bought from
1. Why are negotiable instruments not considered legal tender?
2. "Pay to Jose or his order, P100,000.00 as payment for the car I bought from him" - Is this negotiable? Why or why not?
3. "I promise to pay Y the amount of P5,000.00 five days after completion of the on-going construction of my house" - Is this negotiable? Why or why not?
4. "I promise to pay Y or order P100,000.00 or unit of Volvo Sedan" - Is this negotiable? Why or why not?
5. "I promise to pay A or bearer P100,000.00 from my inheritance which I will get after my father's death". - Is this negotiable? Why or why not?
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Introduction to Business Law
Authors: Jeffrey F. Beatty, Susan S. Samuelson
5th edition
128586039X, 978-1305445840, 1305445848, 978-1285860398
