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"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

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Ch 25 Negotiable Instruments

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Q In each of these independent situations please decide whether the following items on the fact of an OTHERWISE negotiable instrument renders the instrument non-negotiable? a) Note signed in the upper left hand corner b) Draft directing to pay out of next month's sales c) Note promising to pay in accordance with the mortgage terms d) Draft payable in 1000 euros e) Note payable upon your death f) Draft payable whenevr you present it to drawee g) Note promising to "Pay my Favorite Business Law Professor"

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a) Note signed in the upper left hand corner – This is negotiable because there is a promise in the form of written communication actualized/realized by signing the document of the promissory note. The written promise is about ensuring that there would be a stated sum paid to a specified person. The written promise could also be about ensuring that there would be a stated sum paid to the bearer of the note whenever the bearer would demand or at a date as specified in the promissory note.