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

question 57

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

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Definitions:

Alternative Evaluation

The process consumers use to assess the benefits and drawbacks of different products or services before making a purchasing decision.

Information Search

The process consumers undergo to gather facts and opinions about various options before making a purchasing decision.

Problem Recognition

The initial stage of the buying process where a consumer identifies a need or problem that can be satisfied by purchasing a product or service.

Cognitive Dissonance

The mental unease felt by a person when they simultaneously possess conflicting beliefs, ideas, or values.