Kelly signs an instrument in favor of Leo that states it is "subject to a certain agreement between Kelly and Mona." This instrument is

A. negotiable.
B. nonnegotiable, because it is made subject to a separate agreement.
C. nonnegotiable, because it refers to a separate agreement.
D. nonnegotiable, because Kelly and Mona are not the same persons.


Answer: B

Business

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Answer the following statement true (T) or false (F)

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