Question and answer
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 seems so. [ Here's the UCC's definition of negotiable instrument (a) Except as provided in subsections (c) and (d), "negotiable instrument" means an unconditional promise or order to pay a fixed amount of money, with or without interest or other charges described in the promise or order, if it: (1) is payable to bearer or to order at the time it is issued or first comes into possession
of a holder; (2) is payable on demand or at a definite time; and (3) does not state any other undertaking or instruction by the person promising or ordering payment to do any act in addition to the payment of money, but the promise or order may contain (i) an undertaking or power to give, maintain, or protect collateral to secure payment, (ii) an authorization or power to the holder to confess judgment or realize on or dispose of collateral, or (iii) a waiver of the benefit of any law intended for the advantage or protection of an obligor. here's the link for further studies. - ]
Expert answered|Chad7|Points 0|
Question
Asked 8/14/2011 1:42:28 AM
Updated 11/10/2011 4:07:10 PM
1 Answer/Comment
Get an answer
New answers
Rating

There are no new answers.

Comments
What type of instrument is this?
Added 11/10/2011 4:07:10 PM
Add an answer or comment
Log in or sign up first.
Questions asked by the same visitor
While some banks have resisted change due to the traditional personal relationships they have had with customers, electronic commerce dramatically reduces transaction costs, use of paper, and the need for personnel to deal with customers face-to-face.The recent financial crisis in the banking industry required billions in government bailouts to banks considered "too big to fail." Some have argued that the loss of smaller banks with personal connections to customers and local business operations ...
Weegy: Technology has allowed banks to conduct transactions over the internet, also known as eBanking, and to more easily merge into larger banks.Traditionally, [ bankers and their customers dealt in face-to-face transactions that allowed the assessment of trust on the basis of physically observed information. While some banks have resisted change due to the traditional personal relationships they have had with customers, electronic commerce dramatically reduces transaction costs, use of paper, and the need for personnel to deal with customers face-to-face.The recent financial crisis in the banking industry required billions in government bailouts to banks considered "too big to fail." Some have argued that the loss of smaller banks with personal connections to customers and local business operations led to the crisis. ] (More)
Question
Expert Answered
Asked 8/8/2011 11:36:14 PM
0 Answers/Comments
why
Weegy: Hi! What is your question? User: Imagine that your school has just announced that students will be graded on effort instead of performance.Either you are "pro" and believe students should be graded on effort Or you are "con" and believe students should still be evaluated only on performance Weegy: Hi , How can i help you? User: Imagine that your school has just announced that students will be graded on effort instead of performance.Either you are "pro" and believe students should be graded on effort Or you are "con" and believe students should still be evaluated only on performance Weegy: hello. what is your question here? do you want me to pick between pro and con? (More)
Question
Expert Answered
Asked 8/9/2011 1:24:50 AM
0 Answers/Comments
Imagine that your school has just announced that students will be graded on effort instead of performance.Either you are "pro" and believe students should be graded on effort Or you are "con" and believe students should still be evaluated only on performance
Weegy: Hi good day! May i know your question please? User: Imagine that your school has just announced that students will be graded on effort instead of performance.Either you are "pro" and believe students should be graded on effort Or you are "con" and believe students should still be evaluated only on performance Weegy: Well i would like to be graded in performance based. (More)
Question
Expert Answered
Asked 8/9/2011 1:27:21 AM
0 Answers/Comments
20,161,067 questions answered
Popular Conversations
Perform the indicated operation. 3 + (-4) 1 -1 7 -7
Weegy: 3 + (-4) = 3 - 4 = -1 User: Evaluate BD for A = 5, B = -2, C = 4 and D = -6. -12 -8 8 12 Weegy: If A = 5, B ...
3/28/2015 4:37:41 AM| 8 Answers
Why do anabolic steroids differ from other illegal drugs? A. They ...
Weegy: Why do anabolic steroids differ from other illegal drugs? C. They are only dangerous for men. User: Which of ...
3/28/2015 6:04:09 PM| 3 Answers
Simplify 7 - (-4) + 3(-6). -7 7 -9 9
Weegy: 7 - (-4) + 3(-6) =11+ (3)(-6) =11-18 = - 7 User: Simplify (3/10)(-5/9). 1/6 -1/6 77/90 User: ...
3/28/2015 4:27:29 AM| 2 Answers
What was NOT an effect of the Panic of 1893? A. the strengthening of ...
Weegy: A. the strengthening of the Populist Party User: Separate but equal would be the legal standard and not ...
3/28/2015 3:11:56 PM| 2 Answers
What is the solution of the equation? -10+sqrt x+8 =-4
Weegy: -10 + sqrt (x+8) = -4 sqrt (x+8) = -4 + 10 = 6 square both sides we get: x + 8 = 36 x = 36 - 8 = 28 When x = 28, ...
3/28/2015 7:49:35 PM| 2 Answers
Weegy Stuff
S
L
P
L
P
P
P
Points 1270 [Total 9156]| Ratings 0| Comments 1270| Invitations 0|Offline
S
1
L
Points 622 [Total 1533]| Ratings 6| Comments 562| Invitations 0|Offline
S
P
C
L
P
L
1
P
Points 489 [Total 7796]| Ratings 8| Comments 409| Invitations 0|Offline
S
1
L
L
Points 473 [Total 7974]| Ratings 0| Comments 473| Invitations 0|Offline
S
Points 444 [Total 949]| Ratings 10| Comments 334| Invitations 1|Offline
S
L
Points 353 [Total 1475]| Ratings 2| Comments 333| Invitations 0|Offline
S
Points 199 [Total 567]| Ratings 3| Comments 169| Invitations 0|Offline
S
Points 145 [Total 145]| Ratings 0| Comments 145| Invitations 0|Offline
S
Points 42 [Total 158]| Ratings 4| Comments 2| Invitations 0|Offline
S
Points 35 [Total 126]| Ratings 0| Comments 35| Invitations 0|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2015 Purple Inc.