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[Yard Mowing] Sophie agreed to mow Reza's yard once a week for $50 per week throughout the summer. Sophie, however, was having trouble getting her money from Reza. On one occasion, he in handwriting gave her an IOU saying "I, Reza Salehi, owe Sophie Smith $50." A couple of weeks later, Reza did not have the money to pay Sophie what he owed her, and he handwrote the following on a piece of paper and gave it to her: "I, Reza Salehi, promise to pay Sophie Smith or to bearer, the sum of $100 on Monday, July 22, 2016." Sophie quit mowing Reza's yard; and, disgusted with Reza, Sophie assigned both documents to Vince. When Vince presented the documents to Reza, Reza refused to pay on the basis that after inspecting the yard, he decided that Sophie was doing a poor job. Vince told him the documents constituted negotiable instruments, but Reza pointed out that he had not signed the documents with his signature at the end.
-Which of the following is true regarding the effect on negotiability of Reza's determination that Sophie did a poor job mowing the yard?
Angel Investor
An individual who provides capital to start-up companies in exchange for ownership equity or convertible debt.
Divestiture
The process of a company selling off or liquidating a portion of its business or assets, often for strategic, legal, or financial reasons.
Time Warner
A major multinational media and entertainment conglomerate, known for producing film, television, and entertainment content.
Angel Capitalism
Investment in start-up companies by wealthy individuals, known as angel investors, who provide capital in exchange for equity or convertible debt.
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