Question
2. The accounting department of Delta Sales Company receives an instrument that states: March 16, 2019. Thirty days after date, I promise to pay to
2. The accounting department of Delta Sales Company receives an instrument that states:
March 16, 2019.
Thirty days after date, I promise to pay to the order of cash, $700 (seven hundred and 00/100 dollars), in Denver, Colorado, with interest at the rate of 7% (seven percent) per year. This debt arose from the purchase of a computer. Due: April 15, 2019.
[Signed] Edward Jones.
What type of instrument is this? Is it negotiable? (why or why not?)
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Financial Management In The Sport Industry
Authors: Matthew T Brown, Daniel Rascher, Mark S Nagel, Chad McEvoy
2nd Edition
9781621590118
