Explain negotiable instrument, Operation Management

Assignment Help:

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.


Related Discussions:- Explain negotiable instrument

Explain work-in-process and raw materials are needed, The Bawl Corporation ...

The Bawl Corporation supplies alloy ball bearings to auto manufacturers in Detroit. Because of its specialized manufacturing process, considerable work-in-process and raw materials

Assignment, propose process improvement, and justify your reasons for the i...

propose process improvement, and justify your reasons for the improvements, to the flowchart for answering calls

Describe how to do in excel, Can you show how to do in excel? Bowman Bui...

Can you show how to do in excel? Bowman Builders manufactures steel storage sheds for commercial use, Joe Bowman, president of Bowman Builders, is contemplating producing sheds

Explain compensation of expatriates, For a company with overseas operations...

For a company with overseas operations, some critical concerns for success are the identification, selection, and compensation of expatriates. Answer True or False

Explain what factors have contributed to its growth, When was the Mexican a...

When was the Mexican aerospace industry established and what factors have contributed to its growth?

How to do selection of a database management system, Identify and describe ...

Identify and describe three criteria that should be used to evaluate the selection of a database management system. Describe how an organization should use each criterion to evalua

Explain what the average number of accounts payable checks, An accounts pay...

An accounts payable manager processes 200 checks per day with an average processing time of 15 working days. What is the average number of accounts payable checks being processed i

Explain generally speaking and work packages, Generally speaking, work pack...

Generally speaking, work packages: Answer Are assigned to one functional unit Are not assigned to one functional unit Must be assigned to two or more functional units

Explain a set of circumstances consider disciplinary action, Describe a set...

Describe a set of circumstances under which you might legitimately consider disciplinary action for a chronic complainer.

Uniform plant loading - just in time, Uniform Plant Loading - Just In Time ...

Uniform Plant Loading - Just In Time To use the JIT concept, it is essential that production flows as smoothly as possible. To maintain uniform flow, Japanese companies have s

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd