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Michael Is the Maker of a Note Which States That

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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.


Definitions:

Inmates

Individuals confined within a prison or jail as a result of criminal convictions or awaiting legal proceedings.

Incarcerated

Being confined in prison or jail as a form of punishment following a criminal conviction.

Transported

Refers to the act of moving goods or people from one place to another.

PREA

The Prison Rape Elimination Act, U.S. federal law established to address the problem of sexual assault and rape in the nation's prisons and jails.

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