Oliver Signs an Instrument That States It Is Being Executed

question 29

Multiple Choice

Oliver signs an instrument that states it is being executed "as per a contract for the sale of a case of apples dated May 1." This instrument is

• A) negotiable.
• B) nonnegotiable, because banks cannot easily process commodities.
• C) nonnegotiable, because it includes the specific date of a contract.
• D) nonnegotiable, because it refers to an express contract.

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Definitions:

Night

The period of darkness between sunset and sunrise when the sky is not illuminated by the sun, characterized by decreased visibility and activity for many organisms.

Ditropan XL

A brand name for oxybutynin, a medication used to treat symptoms of overactive bladder.

Bladder

An organ that stores urine produced by the kidneys before it is excreted from the body.

Filtration

A process that separates solids from liquids or gases using a filter medium that allows only the fluid to pass through.