On Behalf of Bubbly Drinks Company, Calvin Signs an Instrument

question 6

Multiple Choice

On behalf of Bubbly Drinks Company, Calvin signs an instrument in which he promises to deliver 100 cases of soda as payment to Dispatch & Delivery, Inc., on April 1. This instrument is

• A) negotiable.
• B) nonnegotiable, because cable is not a medium of exchange authorized or adopted by a government as currency.
• C) nonnegotiable, because it does not indicate a specific brand of water.
• D) nonnegotiable, because it does not recite any consideration.

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Definitions:

Supervisors

Individuals who oversee the work and performance of others, typically holding a position of authority within an organization.

Ratings

Evaluations or assessments expressed numerically or through descriptive terms to quantify performance, quality, or satisfaction levels.

Workers

Individuals engaged in some form of employment, contributing labor or expertise in exchange for compensation.

Expectancy Theory

A motivational theory suggesting that individuals decide how to behave based on their expectations that the effort will lead to a certain outcome and the value of that outcome to them.