Non-negotiable for the reason that it refers to another

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Reference no: EM1380612

Sanchita signs an instrument in favour of Brian that indicates that the instrument is subject to an agreement dated 08/01/12 as well as between Sanchita and Brian. This instrument is-

a. Negotiable
b. Non-negotiable, for the reason that it refers to another agreement
c. Non-negotiable, for the reason that it is made subject to another agreement
d. Non-negotiable, for the reason that neither Sanchita Brian nor any other party is a financial institution or bank (as such terms are largely defined by the UCC)

Reference no: EM1380612

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