Question: heeds $ 2 , 5 0 0 to pay her tuition and buy books for her upcoming semester at college. Tia asks Marvin to loan
heeds $ to pay her tuition and buy books for her upcoming semester at college. Tia asks Marvin to loan her the money and promises to him back as soon as she can sell her Mustang convertible, which she has listed on Craigslist. Tia signs a promise to pay that says: Tia, nise to pay Marvin $ within twentyfour hours of the time my Mustang is sold." Tia's written promise to pay Marvin is:
not a draft, because it is not written with a bank as the drawee.
a draft, because the funds are due at a certain time after the Mustang is sold.
a draft, because it is an unconditional promise to pay a definite amount.
not a draft, because it contains a condition.
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