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24 February, 05:56

Peter calls his friend Lily to borrow $500. On the side of a box, Peter writes and signs a note stating he will pay back the $500 as long as Lily allows him to use her car until he gets a job. The instrument is not negotiable because it violates which of the following?

1. permanency

2. portability

3. payable to order or bearer

4. no requirement except the payment of money

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Answers (1)
  1. 24 February, 07:14
    0
    The right answer for the question that is being asked and shown above is that: "4. no requirement except the payment of money." The instrument is not negotiable because it violates that 4. no requirement except the payment of money
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