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Think in terms of Negotiable Instruments ( not the elements to form a contract ) . All 7 requirements are not present in each situation;
Think in terms of Negotiable Instruments not the elements to form a contract All requirements are not present in each situation; however, identify which one is in question and if that appropriately qualifies it as an NI Provide a detailed explanation for each.
Del and Ray, over lunch, discuss the purchase of an auto. Del, the buyer, tears a scrap off her brown lunch bag and writes terms down as Ray dictates. She signs it Assuming the terms are valid, does this qualify as a NI
Carl writes, "I promise to pay to the order of Kim Adams $ if he replaces the roof on my garage." Does this qualify as a NI
A typed note provided the following: I Lindel Harper owe Randall Jansen $thirty thousand dollars as of for the following:
$ for Case backhoe
$ for a loan
$ for a box trailer with hitch
Does this qualify as a NI
A note contains a promise to pay 'the value of savings bonds at maturity in years. Does this qualify as a NI
Bill creates a note today that says "Payable on December which is in only days. Does this qualify as a NI
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