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Question
Jane orally promises to pay $400 to Ken. This isa. a negotiable instrument.
b. a nonnegotiable instrument, because it is not in writing.
c. a nonnegotiable instrument, because $400 is under the Statute of Frauds.
d. a nonnegotiable instrument, because it does not recite consideration.
Answer
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Fact Pattern 41-1
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Fact Pattern 41-1
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