Could the note from Vexnet be assigned and/or negotiated?

a. It is a contract and therefore generally assignable, but since it is not a negotiable instrument it cannot be further negotiated.
b. It is a contract, and therefore can be both assigned and negotiated.
c. It is a negotiable instrument, and therefore can be both assigned and negotiated.
d. It is a negotiable instrument, and therefore can neither be assigned nor negotiated.

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Answer a it is a contract and therefore generally assignable but since it is not a negoti... View the full answer