ERAU MGMT 390 FINAL EXAM 2016
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ERAU MGMT 390 FINAL EXAM 2016 ERAU MGMT 390 FINAL EXAM 20 1
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Question 1									4 pts
A conditional promise to pay is not a negotiable instrument.
True
False 
Question 2									4 pts
An instrument payable "with interest" must specify a particular rate to be negotiable.
True
False 
Question 3									4 pts
On May 1, Dooley signs a check that is payable to the order of Extra Credit Corporation and that is dated July 1. This check is
negotiable.
nonnegotiable, because it is payable to Extra Credit Corporation.
nonnegotiable, because it is postdated.
nonnego...
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ERAU MGMT 390 FINAL EXAM 2016•ERAU MGMT 390 FINAL EXAM 2016
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Question 1									4 pts
A conditional promise to pay is not a negotiable instrument.
True
False 
Question 2									4 pts
An instrument payable "with interest" must specify a particular rate to be negotiable.
True
False 
Question 3									4 pts
On May 1, Dooley signs a check that is payable to the order of Extra Credit Corporation and that is dated July 1. This check is
negotiable.
nonnegotiable, because it is payable to Extra Credit Corporation.
nonnegotiable, because it is postdated.
nonnego...