Michael Is the Maker of a Note Which States That

question 2

Essay

Michael is the maker of a note which states that it will be due on March 10,2015.The note contains a clause stating that "payment will be limited to the proceeds of the sale of the contents of freight car No.1234." Is the note negotiable? Why or why not? Explain.

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Definitions:

Private Health Insurance

Health insurance that is not sponsored by the government, typically provided through employers or purchased by individuals.

Wealthy Countries

Nations with high levels of income per capita, advanced infrastructure, and a high standard of living.

Health Care

The organized provision of medical services to individuals or communities to maintain or improve health.

Individual Mandate

A requirement that individuals purchase or otherwise obtain health insurance, or face penalties, aimed at expanding healthcare coverage.