Wiley, Tate & Irby, buyers and sellers of used cars, sold several autos to Houston Auto Sales.

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Wiley, Tate & Irby, buyers and sellers of used cars, sold several autos to Houston Auto Sales. Houston wrote out the order for payment on the outside of several envelopes. He signed them and they were drawn on his bank, Peoples Bank & Trust Co., to be paid on the demand of Wiley, Tate & Irby. Can the envelopes qualify as negotiable instruments?

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Business Law The Ethical Global and E-Commerce Environment

ISBN: 978-0071317658

15th edition

Authors: Jane Mallor, James Barnes, Thomas Bowers, Arlen Langvardt

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