Question and answer
You are interested in buying a new car and Bob let's you borrow one of the new cars on his lot for a week to test drive. You decide you like the car and when you visit Bob to drop off the car, he
hands you the following document and a pen: May 1, 201x I promise to pay to the order of Bob's Auto Emporium $20,000 (Twenty thousand dollars) with interest at the rate of 7% per annum. What type of instrument is this? Does this instrument meet the requirements for negotiability under the UCC?
It is a promissory note. It does not meet the requirements for negotiability under the UCC because it fails to state that it is is payable on demand or at a definite time.
Expert answered|unknown23|Points 40|
Question
Asked 11/10/2012 8:18:45 PM
0 Answers/Comments
Get an answer
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
25,354,544 questions answered
Popular Conversations
Simplify the expression where possible. (x 2y 3z 4) 2
Weegy: (2 x^3 y^4 z)/3 User: Simplify the expression where possible. (-5x 2) 3 Weegy: 20x-16 User: Simplify the ...
5/27/2016 10:21:34 PM| 6 Answers
If g(x)=2x + 1, find g(a + h)- g(a). 2h 2h + 2 h + 1
Weegy: 8x^2 - 2x = 1; 8x^2 - 2x - 1= 0; (4x + 1)(2x - 1) = 0 (4x + 1) = 0; 4x = -1, x = -1/4 or (2x - 1) = 0; 2x = 1; ...
5/27/2016 11:58:56 PM| 3 Answers
In what year did the United States enter World War ...
Weegy: The United Stats entered the World War I in 1917. User: Why was the Espionage Act, the Trading with the ...
5/27/2016 6:02:45 AM| 2 Answers
38th president of the united states
Weegy: hello, 38th president of which country/ User: 39th president Weegy: Jimmy Carter was the 39th US president. ...
5/27/2016 9:00:36 AM| 2 Answers
The international peacekeeping organization formed directly after ...
Weegy: The international peacekeeping organization formed directly after World War II was called the the United ...
5/27/2016 10:21:10 AM| 2 Answers
The Triple Entente consisted of _____. France, Germany, and ...
Weegy: Thomas Woodrow Wilson (December 28, 1856 ? February 3, 1924) was the 28th President of the United States, from ...
5/27/2016 11:20:03 AM| 2 Answers
How far does a bus travel in 4 hours at 55 mph? User: Peggy had ...
Weegy: Please post the options. Thanks! (She has 6 quarters and 2 nickels) User: Simplify 1 · x - . User: Solve for ...
5/27/2016 12:18:50 PM| 2 Answers
simplify the expression below 12
Weegy: May i know what the question is? User: square of 12 User: square root of 12
5/27/2016 2:47:03 PM| 2 Answers
Weegy Stuff
S
Points 707 [Total 707] Ratings 10 Comments 587 Invitations 2 Offline
S
Points 696 [Total 696] Ratings 13 Comments 566 Invitations 0 Offline
S
Points 634 [Total 634] Ratings 0 Comments 634 Invitations 0 Online
S
1
L
L
P
R
P
L
P
P
R
Points 295 [Total 12547] Ratings 2 Comments 275 Invitations 0 Offline
S
L
P
P
P
Points 166 [Total 3543] Ratings 0 Comments 166 Invitations 0 Offline
S
Points 38 [Total 107] Ratings 0 Comments 38 Invitations 0 Offline
S
Points 12 [Total 12] Ratings 1 Comments 2 Invitations 0 Offline
S
Points 10 [Total 10] Ratings 1 Comments 0 Invitations 0 Offline
S
L
Points 7 [Total 4099] Ratings 0 Comments 7 Invitations 0 Offline
S
Points 6 [Total 6] Ratings 0 Comments 6 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.