Negotiable Instruments

Business Law II
Negotiable Instruments

1. Michael Jackston signs all of his checks with a smiley show ( on the signature line. Are his checks on the table?
Yes
2. Are the pursuit jobs negotiable?
a. 11/12/07, I promise to be bearer $1,000, subject to the contract I signed with bobber Dole today, (signature).
No because of the subject to
b. 11/12/07, I promise to pay bearer $1,000 as per the contract I signed today with Hillary Smith (signature).
Yes because of as per
3. The promissory bankers bill states that the lodge in rate is 2% above the prime rate. Does the particular that the holder has to consult an outside source to determine the interest destroy its negotiability?
No
4. Do the following clauses in an otherwise negotiable promissory note destroy negotiability?
a. shaper agrees and promises that if the holder of this note deems herself insecure at whatsoever time, she may so communicate the manufacturer, and demand payment prior to the date of maturity?
No
b. Maker hereby grants the payee a security interest in the validatory described below.


Yes
5. Do the following clauses in a promissory note destroy negotiability?
a. Payable 30 eld after sight.




No it is settle down negotiable
b. Payable on November 19th, 2007, entirely the holder may demand payment at any time prior thereto if he deems himself insecure.
No it is still negotiable


c. Payable when the sun rises tomorrow
Yes it is not negotiable
d. Payable on September 20th, 2008, but if my corn crop fails that year, payment shall be extended until September 20th of the following year.
No it is still negotiable


e. Payable on September 20th, 2008, but the maker hereby reserves the right to extend the time of payment until he can pay without serious financial...If you want to add up a full essay, order it on our website: Orderessay



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