Is the Following Instrument Negotiable?"I Promise to Pay to the Order

question 27

Multiple Choice

Is the following instrument negotiable?"I promise to pay to the order of Mary Atkins the sum of $500 plus interest at the legal rate,on January 3,2003.The interest rate shall be 15 percent per year after January 3,2003.Further,I will pay the costs of collection if legal action is necessary to collect this amount.Dated this January 3,2001.(Signed) Colleen Smith."

• A) Yes; this is a negotiable instrument.
• B) No; there is not an unconditional promise or order to pay.
• C) No; interest at the legal rates does not constitute a fixed amount.
• D) No; the different interest rate after default destroys negotiability.
• E) No; the additional promise to pay collection costs destroys negotiability.

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Discrimination Suit

Legal action taken against an employer or organization accused of unjust treatment of employees based on race, gender, age, disability, or other protected categories.

Search Costs

The time, energy, and financial resources spent in looking for goods, services, or information.

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Individuals who work in human resources, dealing with the management of employee-related functions such as recruitment, training, and benefits.

Disabilities

Conditions that limit a person's movements, senses, or activities, affecting their daily life and work.