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Uncle wants to help nephew attend upcoming summer classes. So uncle gave nephew a promissory note that stated uncle will pay nephew $2,000 if uncle

Uncle wants to help nephew attend upcoming summer classes. So uncle gave nephew a promissory note that stated uncle will pay nephew $2,000 if uncle sells his motorcycle by May 31st. The note is signed by uncle and dated. Is this note negotiable under Article 3?

a.

Yes. It meets all 6 requirements of negotiability.

b.

No. It does not meet all 6 requirements of negotiability.

c.

It depends on whether nephew decides to attend summer classes.

d.

It depends on the term of the note (that is, the date the note is due).

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