Examlex

Solved

[Yard Mowing] Sophie Agreed to Mow Reza's Yard Once a Week

question 46

Multiple Choice

[Yard Mowing] Sophie agreed to mow Reza's yard once a week for $50 per week throughout the summer.Sophie,however,was having trouble getting her money from Reza.On one occasion,he in handwriting gave her in IOU saying "I,Reza Salehi,owe Sophie Smith $50." A couple of weeks later,Reza did not have the money to pay Sophie what he owed her,and he handwrote the following on a piece of paper and gave it to her: "I,Reza Salehi,promise to pay Sophie Smith or to bearer,the sum of $100 on Monday,July 22,2016." Sophie quit mowing Reza's yard;and,disgusted with Reza,Sophie assigned both documents to Vince.When Vince presented the documents to Reza,Reza refused to pay on the basis that after inspecting the yard,he decided that Sophie was doing a poor job.Vince told him the documents constituted negotiable instruments,but Reza pointed out that he had not signed the documents with his signature at the end.
-Which of the following is true regarding the effect on negotiability of Reza's determination that Sophie did a poor job mowing the yard?


Definitions:

Hewlett-Packard

An American multinational information technology company known for its wide range of hardware components as well as software and related services.

Electronic Merchandise

Goods that are sold and delivered digitally, often via the internet, including software, music, and e-books.

Recyclable Materials

are substances or objects that can be processed and used again, reducing waste and the consumption of fresh raw materials.

Landfills

Sites designated for the disposal of waste materials by burying them, and the oldest form of waste treatment.

Related Questions