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:

Cost

The expenditure of resources, such as money, time, or effort, incurred in the pursuit or acquisition of goods, services, or outcomes.

Benefits

Advantages or positive effects that are derived from a particular action or policy.

Rational Autonomy

The capability of individuals to make reasoned, self-governed choices free from external constraints or coercion.

Bodily Integrity

The inviolability of the physical body and the right to control one’s own body free of external interference.