Explain whether the following instrument is negotiable. March 1, 2014 One month from date, I, James Jimson,

Question:

Explain whether the following instrument is negotiable.

March 1, 2014

One month from date, I, James Jimson, hereby promise to pay Edmund Edwards: Six Thousand, Seven Hundred Fifty ($6,750.00) Dollars, plus 8 ¾ % interest. Payment for cutting machines to be delivered on March 15, 2014.

James Jimson

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For answer-question

Smith and Robersons Business Law

ISBN: 978-0538473637

16th edition

Authors: Richard A. Mann, Barry S. Roberts

See More Books

Question Posted: Dec 27, 2016 08:12 AM

See More Questions

Explain whether the following instrument is negotiable. March 1, 2017 One month from date, I, James Jimson, hereby promise to pay Edmund Edwards: Six Thousand, Seven Hundred Fifty ($6,750.00)...
Explain whether the following instrument is negotiable. March 1, 2015 One month from date, I, James Jimson, hereby promise to pay Edmund Edwards: Six Thousand, Seven Hundred Fifty ($6,750.00)...
Explain whether the following instrument is negotiable. March 1, 2011 One month from date, I, James Jimson, hereby promise to pay Edmund Edwards: Six thousand, Seven hundred Fifty ($6,750.00)...
A new manufacturing process produces savings of S(x) = x 2 + 40x + 20 dollars after x years, with increased costs of C(x) = x 3 + 5x 2 + 9 dollars. For how many years, to the nearest hundredth,...
For numerous reasons a corporation may reacquire shares of its own capital stock. When a corporation purchases treasury stock, it has two options as to how to account for the shares: (1) Cost method,...
Perch, Inc., an exempt organization, records unrelated business taxable income of $4 million. a. Calculate Perchs UBIT. b. Prepare an outline of a presentation you are going to give to the new...
An investment is guaranteed to have a unique value of IRR if which of the following is true? a. Alternating positive and negative cash flows b. An initial negative cash flow followed by all positive...
Outdoor Life manufactures snowboards. Its cost of making 2,000 bindings is as follows: Suppose Lancaster will sell bindings to Outdoor Life for $14 each. Outdoor Life would pay $3 per unit to...
(5 pts) In early 2020, The Week reported that the median wage for Costco's employees is almost $39,000. This is higher than the median wage for all Americans and much higher than Walmart's median...
ResearchCo is a medical devices company, producing equipment for diagnosing and treating heart disease. The company currently generates $100 million in revenues and is expected to grow 10 percent per...
Sam Sharpe executed and delivered to Don Dole the following instrument: Knoxville, TennesseeMay 29, 2014 Thirty days after date I promise to pay Don Dole or order Five Thousand Dollars. The holder of...
Holly Hill Acres, Ltd., executed and delivered a promissory note and a purchase money mortgage to Rogers and Blythe. The note provided that it was secured by a mortgage on certain real estate and...
Aluminum dissolves readily in hot aqueous NaOH to give the aluminate ion, [Al(OH) 4 ] , and H 2 . Write a balanced equation for this reaction. If you begin with 13.2 g of Al, what volume (in liters)...
The management of a supermarket wanted to check the effect of the number of commercials broadcast on local radio (X) on the gross sales (in million of dollars) at the store (Y). The management...
Discuss how an asset's cost is determined, as well as two methods of depreciation. Provide an example of an asset that would be depreciated, and demonstrate how the expense would be calculated and...
It's key for an attorney to kick off a client relationship on the right note, and how they manage information is a big part of that. Think about the initial steps an attorney might take to ensure...
What is the formal system and sound formal system. Make an explanation with examples
Roll (1984) assumes that the price, pt, of an asset follows where f is a constant fundamental price, s is the bid-ask spread and It is a binary indicator variable given by It S Pt = f + It = +1, with...
A fairly fast valley glacier might have a speed of a. 1 m/h b. 1 m/day c. 1 m/month d. 1 m/year
Write each fraction as a percent. 7 50
Nancy owed Sharon $1,500, but Sharon did not initiate a lawsuit to collect the debt within the time prescribed by the statute of limitations. Nevertheless, Nancy promises Sharon that she will pay the...
Anthony lends money to Frank. Frank dies without having paid the loan. Franks widow, Carol, promises Anthony to repay the loan. Upon Carols refusal to pay the loan, Anthony brings suit against Carol...
The parties entered into an oral contract in June, under which plaintiff agreed to construct a building for defendant on a time and materials basis, at a maximum cost of $56,146, plus sales tax and...
A 100,000.00 mortgage has a 25-year amortization, at 3% interest compounded annually with a monthly mortgage payment. a. How much are the monthly mortgage payments? (2 points) b. After 5 years (60...
What is a mathematical formula to calculate Inventory as a Percentage of Total Inventory?
In a business setting, daily incidental expenses are managed through petty cash. According to accounting principles, where should petty cash disbursements for these expenses be recorded on a daily...

Explain whether the following instrument is negotiable. March 1, 2014 One month from date, I, James Jimson,

Question:

Step by Step Answer:

Negotiable The instrument provides a promise to pay ...View the full answer

Smith and Robersons Business Law

Students also viewed these Business Law questions