« previous next »

Author Question: Which of the following can be negotiable? A) A promissory note that states, Pay to Floyd Burchett ... (Read 17 times)

HudsonKB16

  • Hero Member
  • *****
  • Posts: 535
on: Jun 24, 2018
Which of the following can be negotiable?
 A) A promissory note that states, Pay to Floyd Burchett 3000 on September 1, 2015.
 B) A check written on the standard check form that does not state the date it was issued.
 C) A promissory note from Farmer Douglas to Hainey Seeds, Inc. promising to pay for the seed purchased in the spring with bushels of grain harvested in the fall.
 D) An oral promise to pay to the order of Justin 500 on demand.

Question 2

In good faith, Clinton gave Jane 500 for a negotiable promissory note made out to Jane for 550. She needed some money before the due date on the note, and Clinton had no notice of outstanding claims or other defects of the note. Clinton
 A) has more rights than Jane.
 B) has the same rights as Jane.
 C) has only conditional rights because they depend on Jane's rights.
 D) cannot transfer the note to anyone else.


kaillie

  • Sr. Member
  • ****
  • Posts: 326
Reply #1 on: Jun 24, 2018
Answer to Question 1

B

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Signs of depression include feeling sad most of the time for 2 weeks or longer; loss of interest in things normally enjoyed; lack of energy; sleep and appetite disturbances; weight changes; feelings of hopelessness, helplessness, or worthlessness; an inability to make decisions; and thoughts of death and suicide.

Did you know?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Did you know?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

Feral pigs in the United States (here Cape Canaveral, Florida) Feral pigs in the United States (here Cape Canaveral, Florida)
The waveform of a good oxygen sensor as displayed on a digital storage oscilloscope (DSO). Note ... The waveform of a good oxygen sensor as displayed on a digital storage oscilloscope (DSO). Note ...
Inflammation associated with a new tattoo. Note the redness and swelling. Inflammation associated with a new tattoo. Note the redness and swelling.
Guide to Major Massage Therapy Organizations in the United States* Guide to Major Massage Therapy Organizations in the United States*
An example of the sometimes drastic differences in placarding regulations in the United States ... An example of the sometimes drastic differences in placarding regulations in the United States ...
Created Equal: A Social and Political History of the United States, Brief Edition Created Equal: A Social and Political History of the United States, Brief Edition
Video: Glomerubular filtrate rate -pressures that affect GFR and net filtration pressure

For a complete list of videos, visit our video library