Explain what type of instrument

Assignment Help Business Management

Reference no: EM1364284

Consider this week's learning activities on negotiable instruments and read the following scenario.Then, complete Individual Works #1 and #2 as directed below.

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?

Reference no: EM1364284

Questions Cloud

What is the magnetic field between the rails : what is the magnetic field between the rails. A lead ball is dropped into a lake from a diving board 6 above the water. After entering the water, it sinks to bottom with a constant velocity equal to the velocity with which it hit the water. The bal..

Estimating the current value : Suppose you are evaluating three different $1,000 maturity corporate bonds to buy. The ABC Company bond has a 7% yearly coupon with 7 years remaining while the XYZ Company bond has a 10% annual coupon with 5 years remaining.

Examples of sunk cost and escalation of commit : Provide some examples of sunk cost and escalation of commitment. We do try to justify the reason why we are making the decision but do we put too much thought into it that makes us feel trap?

Illustrate wat would happen if suppliers set the price : Illustrate wat would happen if suppliers set the price of pizza at $15. Explain the market adjustment process.

Explain what type of instrument : Explain What type of instrument is this and Does this instrument meet the requirements for negotiability under the UCC?

Write command to list all the employees in year : Write the command to list all the employees hired in 2003 and 2004. Sort the rows by the hire_date column in descending order.

Implementation and sustainability of health programs : Show the importance of accountability in the implementation and sustainability of health programs

Compute by how much monetary policymakers must change : Compute by how much monetary policymakers must change the nominal money supply for the expectations of firms and workers to be realized.

What is the frequency of the string : When a guitar string is sounded along with a 441-Hz tuning fork, a beat frequency of 4.00 Hz is heard. When the same string is sounded along with a 437-Hz tuning fork, beat frequency is 8.00 Hz. What is the frequency of the string.

User Account

All Pages