ABC Company receives a document from Teresa Smith which states, "Forty-five days after the undersigned date, I promise to pay $2,000.00 (two thousand dollars and no cents) at a rate of 8.75% interest (eight and three quarter percent) per year to the bearer. Delivery shall be made at ABC Company's corporate offices in Dallas, Texas. Security included for this is a 2006 Honda Accord. [Signed] Teresa Smith. [Dated] October 7, 2017."

Is this a negotiable instrument? Explain thoroughly.

Answer rating: 100% (QA)

Yes the document provided by Teresa Smith meets the criteria to be considered a negotiable instrumen... View the full answer