Kelly Signs an Instrument in Favor of Leo That States

question 20

Multiple Choice

Kelly signs an instrument in favor of Leo that states it is "subject to a cer?tain agreement between Kelly and Mona." This instru?ment is

• A)negotiable.
• B)nonnegotiable,because it is made subject to a separate agreement.
• C)nonnegotiable,because it refers to a separate agreement.
• D)nonnegotiable,because Kelly and Mona are not the same persons.

---

Definitions:

Knowledge

Information, understanding, or skill that one gains through experience or education.

Premises

Statements or propositions from which another is inferred or follows as a conclusion.

Inferred

Deduced or concluded information from evidence and reasoning rather than from explicit statements.

Conclusion

The end or finish of an event, process, or text, typically the part where final judgments or statements are made.