Juice Company Signs an Instrument That States It Is Being

question 16

Multiple Choice

Juice Company signs an instrument that states it is being executed "as per a contract for the sale of a case of oranges 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.