Grove Hotel hired Fortas, an electrical contractor, and paid him with a promissory note for $3,400. The
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Grove Hotel hired Fortas, an electrical contractor, and paid him with a promissory note for $3,400. The note stated that it was “with interest at prevailing bank rates.” Did the stipulation about interest rates affect the negotiability of the note?
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The stipulation about interest rates in the promissory note does not necessarily affect the negotiab...View the full answer
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