Ricardo borrowed $5,000 from his friend, Lorenzo. Ricardo signed a handwritten note stating, "I promise to pay $5,000 to Lorenzo on or before August 1, 2001, in return for the same amount borrowed from him on May 1, 2001." Under these circumstances, the note is ________.
A. not negotiable because the note states the reason for the debt
B. negotiable because it was handwritten
C. not negotiable because the note is not payable to bearer or to order
D. negotiable because it is a simple contract
Answer: C
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The world economy has changed profoundly as evident by the fact that the global competitors have steadily displaced or absorbed local competitors
Indicate whether the statement is true or false
A retailer can generate data on merchandise turnover, order lead time, and availability of goods by examining _____
a. inventory records b. sales figures c. profit-and-loss statements d. customer billings
Lulu has recently been hired to lead the communications division of a regional bank. She calls a meeting of her management team and tells them about her leadership style. She describes how much she really values relationships and co-workers who are highly engaged, who bring a positive attitude, and who are not afraid to offer her new ideas and constructive criticisms. Using Kelley’s typology, Lulu is asking her managers to be ______.
A. diehard followers B. impulsive followers C. exemplary followers D. alienated followers
A conceptual framework that describes how a company creates, delivers, and extracts value is called a _____________. a. business model
a. business model b. business plan c. mission d. vision