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

How davis teaches supply chain management, Professor Davis teaches a course...

Professor Davis teaches a course in supply chain management at North Texas State University. She is scheduled to give her class of 32 students a final exam on the last day of exam

Explain what is the role of a cio in today''s global business, 1. What is t...

1. What is the role of a CIO in today's global business environment? 2. Dr. Carr presents a good argument in the "IT doesn't matter" reading. Present your view of Carr's central

Explain what is nominal damage, What is the difference between compensatory...

What is the difference between compensatory damages and consequential damages? Provide at least one relevant example of each that was not included in your textbook. What is nominal

Rationalize your compensation as well benefits package, Rationalize your co...

Rationalize your compensation and benefits package. Be sure to indicate the research and considerations that went into the design of the compensation and benefits package.

What are the types of strategies, Analyze the different types of strategies...

Analyze the different types of strategies discussed in previous section to determine which type of strategy is the most difficult for most organizations to implement. Provide speci

Explain what is the role of information systems, What is the Role of Inform...

What is the Role of Information Systems in the Learning Organization?

A trial balance discloses how many types of errors, A Trial Balance disclos...

A Trial Balance discloses how many types of errors? A Trial Balance discloses errors that are given below:   i)    An item posted double.   ii)   A mistake into posting.

Explain items selected from a population is called, A subset of items selec...

A subset of items selected from a population is called which of the following? Sample Statistic Census Parameter

Give me an instance of a preference matrix, Can anyone give me an example o...

Can anyone give me an example of a preference matrix?

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