84.

Sport Souvenir LLC orders a gross of printed shirts from T-Shirt Company. To finance the purchase, the buyer signs a note to pay the seller from the funds paid to the buyer on the sale of the shirts at a certain event. This note is nonnegotiable because

a. the instrument does not contain an express promise to pay.

b. the note appears not to state a rate of interest.

c. payment is to be made from a fund that does not yet exist.

d. the note is not a three-party instrument, such as a draft.