Please answer these 3 questions for me Need help 1 A negotiable instrument must be signed by the payee True False 2 Pay to the order of John Jones without recourse is a special indorsement True False 3 Alice signs a promissory note payable to the order of Borrow Spend Loan Co The note states that it is payable with interest at the legal rate This note it nonnegotiable because it is payable only with interest True False

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Question: Please answer these 3 questions for me. Need help. 1- A negotiable instrument must be signed by the payee. True False 2- Pay to the

Please answer these 3 questions for me. Need help.

1- A negotiable instrument must be signed by the payee.

	True
	False

2- "Pay to the order of John Jones without recourse" is a special indorsement.

	True
	False

3- Alice signs a promissory note payable to the order of Borrow & Spend Loan Co. The note states that it is payable "with interest at the legal rate." This note it nonnegotiable because it is payable only with interest.

	True
	False

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