Question: Please help me with these two questions. Thank you so much. Analyze the following notes, and explain whether each is negotiable.Please review each of the
Please help me with these two questions. Thank you so much.
Analyze the following notes, and explain whether each is negotiable.Please review each of the six (6) required elements for a negotiable instrument.
We, Jada Pinkett Smith and Will Smith, promise to pay to the order of Ursula Buffet or bearer, the sum of $500.00 in silver coins, on or before the 1st day of January 2024.The maker(s) reserve(s) the right to extend the time of payment indefinitely.
Dated:Jan. 2, 2019
/s/ Jada Pinkett Smith
/s/ Will Smith
I, Justin Timberlake, promise to pay to the order of Julia Roberts, the sum of $4,000.00 on or before the 1st day of May 2022 with interest at five (5%) percent per annum.The maker hereof reserves the right to extend the time of payment of said note for six (6) months.
Dated:Jan. 2, 2018
/s/ Justin Timberlake
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