Question

Ann signs a promissory note payable to Bob on which Ann conspicuously notes that it is "not negotiable" and gives the note to Bob. This instrument is
a. negotiable.
b. nonnegotiable, because it includes the notation "not negotiable."
c. nonnegotiable, because it is a promissory note.
d. nonnegotiable, because it was given to Bob.

Answer

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