Why you suspect this note may not be negotiable

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Reference no: EM131931627

QUESTION

Monica has the following promissory note: "I owe $1,000 to Monica Jones to be paid when she graduates from college or trade school.

This amount will bear interest at rate between 4% and 6%, as I choose in my sole discretion."

It is signed by "Matthew Edwards". Explain three reasons why you suspect this note may not be negotiable.

Reference no: EM131931627

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