Sunday
July 5, 2015

Homework Help: You are interested in buying a new car and Bob let

Posted by stacion on Sunday, August 14, 2011 at 2:43am.

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?

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

More Related Questions

Members