Jim owes Sherry $700. Sherry asks Jim to sign a negotiable instrument regarding the debt. Which of
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Jim owes Sherry $700. Sherry asks Jim to sign a negotiable instrument regarding the debt. Which of the following, if included on that instrument, would make it negotiable: “I.O.U. $700,” “I promise to pay $700,” or an instruction to Jim’s bank stating, “I wish you would pay $700 to Sherry”? Explain why.
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I promise to pay 700 would make the instrument negotiable IOU 700 or an i...View the full answer
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Related Book For 
Business Law Text and Exercises
ISBN: 978-1305509603
8th edition
Authors: Roger LeRoy Miller, William E. Hollowell
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