Fact Pattern 22-2 LNG Corporation and Midstates Utility Company Enter

question 27

Multiple Choice

Fact Pattern 22-2 LNG Corporation and Midstates Utility Company enter a contract for a sale of liquefied natural gas by LNG to Midstates. LNG draws a draft unconditionally ordering Midstates Utility to pay $50,000 to LNG's order in sixty days. Midstates Utility signs and dates the draft.
Refer to Fact Pattern 22-2. This instrument is

• A) a cashier's check.
• B) a nonnegotiable instrument.
• C) a promissory note.
• D) a trade acceptance.

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Definitions:

-uria

A suffix used in medical terminology to describe conditions related to urine, such as polyuria (production of a large volume of urine) or hematuria (presence of blood in urine).

-itis

Refers to inflammation or infection of a part of the body.

Hydro-

A prefix meaning water, used to denote a relationship to water or moisture in various scientific and technical contexts.

Albumin

A protein commonly found in blood plasma, vital for maintaining the osmotic pressure needed for proper distribution of body fluids.