Jack Signs an Instrument That States It Is Being Executed

question 68

Multiple Choice

Jack signs an instrument that states it is being executed "in accord with a contract for the sale of three magic beans dated July 1." This instru?ment is

• A)negotiable.
• B)nonnegotiable,because banks cannot easily process commodities.
• C)nonnegotiable,because it includes the specific date of a contract.
• D)nonnegotiable,because it refers to an express contract.

---

Definitions:

Veto

The power to unilaterally stop or reject a decision or proposal.

Informed

Having or provided with relevant knowledge or information about a particular subject or situation.

Problem Solving

The process of identifying a problem, devising and implementing solutions, and evaluating the outcomes to address challenges or situations.

General Decision-Making Model

A step-by-step approach to making decisions that involves identifying a problem, evaluating options, and selecting the most appropriate solution.