ABC Company receives a document from Teresa Smith which states, Forty-five days after the undersigned date, I
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ABC Company receives a document from Teresa Smith which states, "Forty-five days after the undersigned date, I promise to pay $2,000.00 (two thousand dollars and no cents) at a rate of 8.75% interest (eight and three quarter percent) per year to the bearer. Delivery shall be made at ABC Company's corporate offices in Dallas, Texas. Security included for this is a 2006 Honda Accord. [Signed] Teresa Smith. [Dated] October 7, 2017."
Is this a negotiable instrument? Explain thoroughly.
Related Book For
Smith And Roberson Business Law
ISBN: 9780357364000
18th Edition
Authors: Richard A. Mann, Barry S. Roberts
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