NEGOTIABLEORNON NEGOTIABLE

For the following questions, please indicate if the writing is a negotiable instrument under Article 3 of the UCC.If non negotiable, why? What element or elements are missing?

IN each question, John took out a piece of paper, wrote the following below and signed it.

1.I promise to pay $2,500 to Kim within thirty days.

IS IT NEGOTIABLE? _____If not, element(s) missing:________________________________

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2.I promise to pay Sal's Pizza only,$ 1,000 on 6-15-2020.

IS IT NEGOTIABLE? _____If not, what element(s) missing: ____________________________

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3.I promise to pay Jose $ 10,000 pesos and provide 10 hours of accounting work on 1-1-21

IS IT NEGOTIABLE? _______If not, what element(s) missing: ___________________________

_____________________________________________________________________________

4.I promise to pay Ralph $ 500 no later than 10-1-21 provided he adheres to agreement

IS IT NEGOTABLE? ______If not, what element(s) missing? __________________________

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5.I promise to pay Jack the money I owe on or about 8-1-21

IS IT NEGOTIABLE? _______IF not, what element(s) missing? _________________________

____________________________________________________________________________

6.I owe Murah Beer Co. $ 1,000 and should pay on 3-1-21 or 4-2-21

IS IT NEGOTIABLE ?_________ If not, what element(s) missing? ________________________

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7.I promise to pay MN Corp. $75,000 on 7-3-21 and reserve right to extend payment time

IS IT NEGOTIABLE? _______If not, what element(s) missing? ________________________

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8.I promise to pay Omar $ 5,000 on 1-1-21 or sooner upon receipt of my inheritance

IS IT NEGOTIABLE? ________If not, what element(s) missing? _______________________

___________________________________________________________________________

9.Pay to the order of Rosie or bearer $ 750 on or about 11-15-21

IS IT NEGOTIABLE? _________If not, what element(s) missing? _____________________

__________________________________________________________________________

10.Pay to the order of Harry $ 400 on 2-15-21 and holder may extend time indefinitely

IS IT NEGOTIABLE?_______ If not, what element(s) missing? _________________________

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