This instrument is: Not negotiable because it is not payable to order or bearer. O b. Not negotiable because it is not a draft. O c. Negotiable because it satisfies the elements of negotiability. O d. Negotiable because it is a two party promissory note.

This instrument is: Not negotiable because it is not payable to order or bearer. O b. Not negotiable because it is not a draft. O c. Negotiable because it satisfies the elements of negotiability. O d. Negotiable because it is a two party promissory note.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Please explain step by step without table and graph thankyou

I, Penguin, owe
the Sum of:
For:
sardines
Joker
$100
This instrument is:
October 2, 2020
Penguin
O a. Not negotiable because it is not payable to order or
bearer.
O b. Not negotiable because it is not a draft.
O c. Negotiable because it satisfies the elements of
negotiability.
O d. Negotiable because it is a two party promissory note.

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