A Note in Which the Maker Promises to Pay to the Order

question 3

Multiple Choice

A note in which the maker promises to pay to the order of James Brown $1,000 or a seven-string Martin guitar:

• A)is not negotiable because it contains a conditional promise.
• B)is negotiable for payment of the guitar only.
• C)is negotiable for payment only if James Brown is the holder of the instrument.
• D)is not negotiable because it is not payable for money alone.

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Definitions:

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Relevant information regarding the firm, the buyer, and individuals who influence the buying decision.

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A straightforward recommendation or proposal made to influence decision-making.

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The warmest period of the year, typically occurring between June and August in the northern hemisphere.