Question
Andre signs an instrument which states I promise to pay to the order of my business law professor $500.00 on October 1 and signs his
Andre signs an instrument which states "I promise to pay to the order of my business law professor $500.00 on October 1" and signs his name. This instrument is
a. | negotiable since Andre only has one business law professor.
| |
b. | negotiable because it contains an express promise to pay $500.00.
| |
c. | not negotiable because it does not state a named payee.
| |
d. | is bearer paper and therefore negotiable. |
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Smith and Roberson Business Law
Authors: Richard A. Mann, Barry S. Roberts
15th Edition
1285141903, 1285141903, 9781285141909, 978-0538473637
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