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Is the instrument negotiable

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Reference no: EM132671398

Problem 1: Allyard was given a paper on which was written: "This is to certify that hold myself bound to pay Janice Allyard the sum of five hundred (500) Euros from my profit on the sale of my paintings. In the upper left-hand corner next to a large X and the words his mark was written "Sam Warner." Is this instrument negotiable? Explain why or why not.

Reference no: EM132671398

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