10:23 AM Fri Mar 25 a? O 72% - X Chapter 22 The Essentials of Negotiability Homework Questions: Attempt 3 Brie signs an instrument in which she promises to pay Caxmen a certain price for her Dodge Dart. The instrument will be negotiable if it meets all of the requirements for negotiability, including that it is payable in money. @ services equal in value to the market price of the car. 6) all of these. (9 goods equal in value to the market price of the car. Question 13 A restrictive indorsement prohibits the irther negotiation of an instrument. Question 14 A demand instrument is payable when payment is requested. 10:23 AM Fri Mar 25 a? O 72% - X Chapter 22 The Essentials of Negotiability Homework Questions: Attempt 3 Question 8 To nance the purchase of an electric guitar, Milos signs an instrument promising to pay to \"National Lenders\" $1,800 with interest in installments with the nal payment due August 15, 2020. To be negotiable, this instrument must include on its face any conditions on the sale of the goods. @ any conditions to the disbursement of the funds. @ any conditions to the repayment of the loan. no conditional promises or orders to pay. Question 9 Quincy draws a check payable to \"Replay Stadium\" to buy two season tickets to the next year's State College football games. This instrument is (D nonnegotiable. @ void. @ an order instrument. @ a bearer instrument. Question 10 Gail owes $5,000 in unpaid taxes. Using the back of an old tshirt, she exe-cutes an instrument for $5,000 that otherwise meets the requirements for 10:23 AM Fri Mar 25 Q 0 72% - X Chapter 22 The Essentials of Negotiability Homework Questions: Attempt 3 Question 1 Avril receives a payroll check from Business Solutions, Inc., and indorses it by signing her name on the back of the check' This is G a restrictive indorsement. a blankindorsement. @ a special indorsement. @ a qualified indorsement. Question 2 An indorsement is most oen written on the back of an instrument itself. Question 3 Brad, the owner of Clear Cut Corporation, signs an instrument that includes the phrase \"payment for this note will be made from the proceeds of next year's 10:23 AM Fri Mar 25 Q 0 72% - X Chapter 22 The Essentials of Negotiability Homework Questions: Attempt 3 With respect to negotiability, it is necessary to know when the maker, drawee, or acceptor is required to pay. Question 6 A negotiable instrument can be transferred by assignment. Question 7 Ryan negotiates an order instrument to Selina by (D delivery alone. @ delivery with any necessary indorsement. @ presenting it in response to a demand by Selina. G) delivery with an assignment of its rights under a contract. 10:24 AM Fri Mar 25 a? O 72% - X Chapter 22 The Essentials of Negotiability Homework Questions: Attempt 3 Question 15 Mort negotiates an instalment to Nell. This is the transfer of an instrument (D pursuant to preliminary contract discussions. @ without the payment ofa recognized medium of exchange. @ for valuable consideration under a contract. G) in such form that the transferee becomes a holder. 10:23 AM Fri Mar 25 a? O 72% - X Chapter 22 The Essentials of Negotiability Homework Questions: Attempt 3 Question 10 Gail owes $5,000 in unpaid taxes. Using the back of an old t-shirt, she exe-cutes an instrument for $5,000 that otherwise meets the requirements for negotiabilityi This instrument is likely (D negotiable. @ nonnegotiable, because a tshirt is not sufciently permanent. @ nonnegotiable, because an instrument must be on paper. nonnegotiable, because the government does not appreciate it. Question 11 A time instrument is payable at a Jture date, Question 12 Brie signs an instrument in which she promises to pay Carmen a certain price for her Dodge Dart. The instrument will be negotiable if it meets all of the requirements for negotiability, including that it is payable in 10:23 AM Fri Mar 25 a? O 72% - X Chapter 22 The Essentials of Negotiability Homework Questions: Attempt 3 Brad, the owner of Clear Cut Corporation, signs an instrument that includes the phrase \"payment for this note will be made from the proceeds of next year's timber sale\" This instrument is G nonnegotiable, because payment can be made only out of a particular source. not necessarily nonnegotiable. @ nonnegotiable, because the reasons for the note are not clear on its face. nonnegotiable, because it states an express condition to payment. Question 4 Fact Pattern 22-2 LNG Corporation and Midstates Utility Company enter a contract for a sale of liqueed natural gas by LNG to Midstates. LNG draws a draft unconditionally ordering Midstates Utility to pay $50,000 to LNG's order in sixty days, Midstates Utility signs and dates the draft, Refer to Fact Pattern 22-2, This instrument is (D a nonnegotiable instrument. @ a promissory note. @ a cashier's check. G) a trade acceptance