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At noon, Eliza ate the second-to-last piece of chocolate cake. At 3:00 p.m., she ate the last piece of cake, even though she knew that her roommate was counting on having a piece of cake after dinner. Which part of Eliza's personality proposed that she eat the cake?
Negotiable Instrument
This is a written promise to pay a specified amount of money, which can be demanded at any time or at a specified future date, with the payer's name clearly stated on it.
UCC 3-103(a)(9)
Defines "instrument" within the context of the Uniform Commercial Code, focusing on negotiable instruments, including checks, drafts, and notes, detailing their formal requirements and effects.
Specified
Clearly stated or identified.
Implied
Something suggested or understood without being directly expressed.
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