Tanya and Jerry entered into a contract with a real estate developer who stated that he would

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Tanya and Jerry entered into a contract with a real estate developer who stated that he would build the house of their dreams on a lot that he owned. In payment for the property and the house, T&UJ signed a promissory note that was payable “upon closing on sale of the house to be constructed on the below described lot or one year from the date of this Note, whichever event first occurs.” Is this note negotiable?

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Introduction To Business Law

ISBN: 9781337404341

6th Edition

Authors: Jeffrey F. Beatty, Susan S. Samuelson, Patricia Abril

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