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Question
Jim owes $5,000 in unpaid taxes. On the flank of his quarter horse, he executes an instrument for that amount that otherwise meets the requirements for negotiability. This instrument is likelya. negotiable.
b. nonnegotiable, because an instrument must be on paper.
c. nonnegotiable, because a quarter horse is not freely transferable.
d. nonnegotiable, because the government does not appreciate it.
Answer
This answer is hidden. It contains 1 characters.
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Fact Pattern 41-1
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Fact Pattern 41-1
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