Which of the Following Is True Regarding Molly's Assertion That

question 42

Multiple Choice

Which of the following is true regarding Molly's assertion that Richard did not have a negotiable instrument?

• A) Molly is incorrect, and the document by which Tim assigned the right to Richard is a negotiable instrument in regard to her duty to pay.
• B) Molly is correct because her agreement with Tim was not in a writing containing words of negotiability.
• C) Molly is correct because Richard was not a party to the original contract.
• D) Molly is incorrect because her admission establishes the existence of a negotiable instrument between her and Tim that could be assigned to Richard.
• E) Molly is correct because the amount at issue is insufficient to create a negotiable instrument.

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Definitions:

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A grain crop known for its edible seeds, grown as a staple food for its nutritional value.

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A grain native to Ethiopia and Eritrea, known for its nutritional properties and used to make traditional dishes like injera.

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A low-cost, non-archival paper commonly used for newspapers and other publications.

Supply

The total amount of a specific good or service that is available to consumers, usually determined by price, production costs, and market demand.