Would an Instrument Containing the Following Language Be Negotiable? "Harold

question 53

Multiple Choice

Would an instrument containing the following language be negotiable? "Harold T.Stone, as President, hereby promises to pay $12,348 to the order of Joe Jones Furniture for office equipment for Redtyn Corporation, payable from its corporate assets.(Signed) Harold T.Stone as President, Redtyn Corporation."

• A) Yes, because it meets all the requirements of negotiability.
• B) No, because the promise refers to another contract.
• C) Yes, because Redtyn is a business entity.
• D) No, because its payment is limited to a particular fund.

---

Definitions:

Behavioural Component

Refers to the actions or reactions of an organism in response to external or internal stimuli.

Achievement Motive

Achievement motive is an individual's drive to excel, achieve in relation to a set of standards, or strive to succeed in competitive situations.

Competence Motive

The internal drive to be effective in dealing with the environment and to master the challenges it presents.

Power Motive

A psychological drive to influence or control others, often examined in personality and motivational studies.