Three of the Following Render an Instrument Nonnegotiable;one Does Not

question 56

Multiple Choice

Three of the following render an instrument nonnegotiable;one does not affect negotiability.Which of the following does NOT affect negotiability?

• A) A draft that says: "Pay to the order of Sue Smith once she repairs my computer."
• B) An instrument that says only: "This confirms my $1,000 debt to Sue Smith."
• C) A note that says: "Payment is conditional upon the terms of the mortgage between the parties dated June 1,2000."
• D) A notes that says: "This note is secured by the property described in the parties' mortgage of June 1,2000."

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Definitions:

Fovea

A small area at the center of the retina that provides the clearest and sharpest vision because it has the largest concentration of cones.

Visual Accommodation

The ability of the eye to change its focus from distant to near objects (and vice versa) by changing the lens shape.

Fixation

Arrested development at a psychosexual stage occurring because of excessive gratification or frustration at that stage.

Divergence

The act of moving away in different direction from a common point; in creativity and thinking, it refers to the generation of multiple solutions to a given problem.