QUESTIONS 2 points Save Answer Karen writes on a piece of paper. "I owe you 5600, signs it and gives it to Lou. This instrument is O A nonnegotiable, because it does not include an express promise to pay. OB. nonnegotiable, because a piece of paper is not an approved form Od nonnegotiable, because it does not recite any consideration OD. nonnegotiable, because it does not state any conditions to payment , negotiable. QUESTION 6 2 points Save Antwer Ron who is illiterate, signs an instrument using an "R" with a circle around it. With this mark for a signature, the instrument 15 O A negotiable B. nonnegotiable, because illiterate people cannot execute negotiable instruments OC nonnegotiable because a simple initial implies a lack of binding intent. D. nonnegotiable, because there is no consideration nonnegotiable, because an initial does not state the signer's name 2 points QUESTION 7 Jack signs an instrument that states it is being executed in accord with a contract for the sale of three magic beam 000 on July 15. This instrument is