An Instrument Contains the Following Language: "Harold T

question 54

Multiple Choice

An instrument contains the following language: "Harold T.Stone as President hereby promises to pay $12,348 to the order of Joe Jones Furniture for office equipment for Redkenn Corporation,payable from its corporate assets.(Signed) Harold T.Stone as President,Redkenn Corporation." Would the instrument be negotiable?

• A) No,because the promise refers to another contract
• B) No,because its payment is limited to a particular fund
• C) Yes,because it meets all the requirements of a negotiable instrument
• D) Yes,because it is unequivocal

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Definitions:

Distributive Negotiations

A negotiation method that views the resources being negotiated as fixed, where any gain by one party is a loss to the other.

Gender Differences

Variations in behaviors, opportunities, and roles often associated with being male or female.

Integrative Negotiation

A negotiation approach focused on mutual benefit, where parties collaborate to find solutions that satisfy the interests of all involved.

Axis

A central line around which a body or structure is symmetrically arranged or a point about which something rotates.