Question
I true or false 1. the instrument provides, I promise to pay Captain Barbel P5,000 on Dec. 31, 2023, signed Mr. X. Instrument is negotiable_________
I true or false
1. the instrument provides, I promise to pay Captain Barbel P5,000 on Dec. 31, 2023, signed Mr. X. Instrument is negotiable_________
2. Mr. Swaki was making a negotiable instrument in Chinese. He negotiated it to Mr. Juan de la Cruz and explained what the instrument contains. Mr. de la Cruz could not understand Chinese however he accepted the issuance. Instrument is not negotiable. ________
3. Mr Usa made an instrument intended for Mr. Duha. The instrument was not yet finished. Mr. Duha stole the instrument, because he could not wait anymore, inserted the necessary provisions in the instrument in accordance to what would have been contained in the instrument had Mr. Usa completed it and indorsed it to Mr. Tulo. The instrument is not enforceable against usa_________
4. the instrument provides, I promise to pay TEN THOUSAND PESOS ( P20,000.00xx) Signed Mr. X Ten thousand is in print and P20,000.00xx is hand written. Instrument is negotiable __________
5. Mr. Harley issued a promissory note to Mr. Hampak which provides pay to the order of Mr. Hampak P1,000,000.00xx. Signed Mr. Harley The instrument was issued by Mr. Harley for a 100 sq meter land which Mr. Hampak promise to deliver after the instrument was issued. Mr. Hampak never delivered the land which he promised to deliver. None delivery of the of consideration would not be a defense against a holder in due course ____________
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