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 personal industry experiences, Discuss the four types of process st...

Discuss the four types of process strategies and give an example of each. Also, please share any personal industry experiences (if any) with each process strategy.

Green supply chain management, what is the meaning of green sipply ...

what is the meaning of green sipply chain managent and is it applied in production process

Sunshine enterprises, What is the average value of a loyal customer (VLC) a...

What is the average value of a loyal customer (VLC) at Abby''s restaurants (see Chapter 3)? What is the best way to increase revenue given your VLC analysis

Explain considerations in designing organisation structure, Explain main co...

Explain main considerations while designing the organisation structure. While designing the organisation structure, there are two major considerations:  - Differentiation an

Network design, 1. What is meant by the level of threshold service of a lea...

1. What is meant by the level of threshold service of a least-cost system?

Hospitality industry , Can I have a process strategy matrix , which has 5...

Can I have a process strategy matrix , which has 5 key performance objectives, people processes, technology and information in one of the accor chain hotel?

Explain charge of maintaining hospital supplies, Barbara Flynn is in charge...

Barbara Flynn is in charge of maintaining hospital supplies at General Hospital. During the past year, the mean lead time demand for bandage BX-5 was 60 (and was normally distribut

Five forms of waste within manufacturing organisations, Describe FIVE forms...

Describe FIVE forms of waste within manufacturing organisations that lean process improvement aims to eliminate. Inventory (all components, work in progress and ended produ

Explain bottleneck operation by adding a new machine, A small firm intends ...

A small firm intends to increase the capacity of a bottleneck operation by adding a new machine. Two alternatives, A and B, have been identified, and the associated costs and reven

Explain how important is the compensation system, How the compensation syst...

How the compensation system influences employees motivation, productivity and satisfaction. How important is the compensation system in an employee's productivity? Are there other

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