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Author Question: JeanClaude creates and signs a promissory note. He promises to pay Suzy 1,000 worth of French francs ... (Read 47 times)

Pineapplelove6

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on: Jun 24, 2018
JeanClaude creates and signs a promissory note. He promises to pay Suzy 1,000 worth of French francs plus 500 worth of custom-made shirts on October 15, in exchange for Suzy's help in renovating his kitchen. The note is :
 A) nonnegotiable, because of JeanClaude's signature.
 B) negotiable, because all the elements of the note are valid.
 C) nonnegotiable, because it calls for payment in French francs.
 D) nonnegotiable, because it calls for payment in shirts.

Question 2

As between buyer and seller, the escrow instructions are controlling in the event of a conflict of terms.
  Indicate whether the statement is true or false


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mrphibs

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Reply #1 on: Jun 24, 2018
Answer to Question 1

D

Answer to Question 2

FALSE


Pineapplelove6

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Reply 2 on: Jun 24, 2018
Great answer, keep it coming :)

ebonylittles

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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A promissory note has a face value of $6000 and it has a date of issue of June 1 this year. The ... A promissory note has a face value of $6000 and it has a date of issue of June 1 this year. The ...
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