Question: 6. Your client has in its possession the following instrument: $700.000 Provo, Utah May 1, 2002 Thirty days after date I promise to pay to
6. Your client has in its possession the following instrument:
$700.000 Provo, Utah May 1, 2002 Thirty days after date I promise to pay to the order of Cash Seven hundred Dollars at Boise, Idaho Value received with interest at the rate of 10% per annum.
This instrument is secured by a conditional sales contract.
No. 20 Due June 1, 2002 Len Bowie This instrument is
a. A negotiable time draft.
b. A nonnegotiable note since it states that it is secured by a conditional sales contract.
c. Not negotiable until June 1, 2002.
d. A negotiable bearer note.
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