“pay $1,000” b. “pay $1,000 + 10% interest” c. “pay $1,000 + legal rate of interest” d. all of the above d EXPLANATION:

A. “pay $1,000” b. “pay $1,000 + 10% interest” c. “pay $1,000 + legal rate of interest” d. all of the above >d EXPLANATION: To be for a fixed amount, the amount must be ascertainable from the face of the note or from a readily available source. Clarks26 Ch 26 #8 (MC #8) 23. Which of the following terms satisfy the requirement that negotiable instruments be for a fixed amount? A. “pay $1,000” b. “pay $1,000 + 10% interest” c. “pay $1,000 + legal rate of interest” d. all of the above >d EXPLANATION: To be for a fixed amount, the amount must be ascertainable from the face of the note or from a readily available source.

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