Sam Sharpe executed and delivered to Don Dole the following instrument: Knoxville, Tennessee May 29, 2011 Thirty
Question:
Knoxville, Tennessee May 29, 2011
Thirty days after date I promise to pay Don Dole or order, Five Thousand Dollars. The holder of this instrument shall have the election to require the assignment and delivery to him of my 100 shares of Brookside Iron Works Corporation stock in lieu of the payment of Five Thousand Dollars in money.
Is this instrument negotiable? Explain.
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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The instrument is not negotiable An opt...View the full answer
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Related Book For 
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts
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