9. Wallace deposits $6,000 with Holly State Bank on July 1, 2014. Holly State Bank promises to repay Wallace the $6,000 plus 3 percent annual interest on July 1, 2019. This is

a. a certificate of deposit.

b. a cashiers check.

c. none of the choices.

d. a draft.

10. Nantucket Energy Corporation signs an instrument that states it is being executed as per contract for a purchase of 400 barrels of flour dated September 1. This instrument is

a. negotiable.

b. nonnegotiable, because information about the sale must be obtained from another source.

c. nonnegotiable, because it states an express condition to payment.

d. nonnegotiable, because the terms of the contract are not clear on the face of the instrument.