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Would an insturment containing the following language be

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Question

Would an insturment containing the following language be negotiable? "Harold T. Stone, as President, hereby promises to pay $12,348 to the order of Joe Jones Furniture for office equipment for Redtyn Corporation, payable from its corporate assets. (Signed) Harold T. Stone as President, Redtyn Corporation.";A. No, because the promise refers to another contract.;B. No, because its payment is limited to a particular fund;c. Yes, because Redtyn is a business entity.;d. Yes, because it meets all the requirements of negotiability.

 

Paper#33597 | Written in 18-Jul-2015

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