Busines law

 

 

 

Negotiability

 

 

On a piece of paper, Joelle writes, “I promise to pay Rio $1000 on demand.” Joelle signs the note.

What type of instrument is this?

Is it negotiable?

If not, why not?

 

 

Your paper should be a 1-2 page in length (double-spaced, with one inch margins all around).  Be certain to explain and support your answer.