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Author Question: Hayden owes Luther 5000. Hayden will only be able to pay this debt if he is able to sell his ... (Read 189 times)

ahriuashd

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on: Jun 24, 2018
Hayden owes Luther 5000. Hayden will only be able to pay this debt if he is able to sell his one-year-old Harley motorcycle, valued at 20,000. Hayden writes a check to Luther that reads, Payable to the order of Luther the sum of 5000 as soon as my Harley motorcycle sells for a reasonable amount. This check is
 A)negotiable, assuming Luther accepts delivery of the check.
 B)negotiable if Hayden also includes a date that he expects the motorcycle to sell.
 C)non-negotiable because it does not state a definite amount of money.
 D)non-negotiable because the check is conditional.

Question 2

Under Incoterms, a sale on terms DDP represents the minimum responsibility of the seller and the maximum responsibility of the buyer.
  Indicate whether the statement is true or false


ansleighelindsey

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

D

Answer to Question 2

FALSE


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