An instrument that states "due Kelly Brook $200" or "IOU, Kelly Brook, $200" is not negotiable because ________
a. it is an order to pay
b. it does not contain a promise to pay
c. it is more than an authorization or request
d. it lacks negotiability owing to the reference to another agreement
b
You might also like to view...
According to the VALS segmentation system, ________ are considered to be trendy and fun-loving people who are resource-constrained. They favor stylish products that emulate the purchases of those with greater material wealth
A) strivers B) survivors C) experiencers D) makers E) believers
If a contract that was lacking in consideration is performed by the parties, the parties cannot subsequently assert lack of consideration to undo the performed contract
Indicate whether the statement is true or false
A failure of the Federal Bureau of Investigation to comply with a request under the Freedom of Information Act (FOIA) may be challenged in
a. a federal district court. b. a hearing before the U.S. Freedom of Information Agency. c. a meeting with Congress's FOIA subcommittee. d. a special conference with the president of the United States.
The common objective of borrowing and lending is to ________
A) make all parties better off B) gain a profit at the other's expense C) make a firm or individual appear more liquid than is really the case D) thwart regulatory authority