Juan Sanchez writes the following note on the back of an envelope: I, Juan Sanchez, promise to

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Juan Sanchez writes the following note on the back of an envelope: “I, Juan Sanchez, promise to pay Kathy Martin or bearer $500 on demand.” Is this a negotiable instrument? Discuss fully.

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Business Law Text and Cases

ISBN: 978-0324655223

11th Edition

Authors: Kenneth W. Clarkson, Roger LeRoy Miller, Gaylord A. Jentz, F

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Question Posted: May 02, 2012 12:45 AM

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Juan Sanchez writes the following note on the back of an envelope: I, Juan Sanchez, promise to

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For an instrument to be negotiable it must meet the following requirements a Be in writi...View the full answer

Business Law Text and Cases

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