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Nan read the note that Tom had just given her. She was doing some home repair for Tom. The note represented the $10,000 that Nan and Tom agreed upon for all of the work. The note read as follows:
I, Tom Drum, hereby promise to pay to the order of Nan Hardy ten thousand dollars ($10,000). This sum is contingent upon my ability to receive a loan in the same amount from West Bank International. I give this negotiable instrument as the full payment for Nan Hardy's repairs to my home.
Is this note negotiable? Discuss why or why not.
Katie is a 17-year-old (a minor) who graduated from high school two months ago. In August, she started attending a university 150 miles from home and has contracted to rent an apar
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To the closest year, how long will it take a $200 investment to double if it earns 7 percent interest? How long will it take if it earns 18 percent?
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