Are these notes negotiable instruments

Assignment Help Business Management
Reference no: EM1382969

Q. J. Monte Williamson was the owner of a 16.65 percent interest in Lake Manor Associates, a partnership. Williamson agreed to sell his interest to H. Louis Salomon sky and Tiffany H. Armstrong in exchange for shares of a certain stock valued at $15 per share and a non-interest-bearing note in the amount of $4,000 for the balance. The notes were executed and contained the following notation: "For value received, the undersigned promises to pay to the order of J. Monte Williamson the principal sum of $4,000 payable as set forth in which certain agreement, an executed copy of which is attached hereto."

The agreement referred to in the notes listed conditions which had to be met to cause the notes to become due. Five years after the notes were executed, Salomon sky and Armstrong claimed which because the notes were negotiable instruments, the statute of limitations on the enforcement of the notes has run. Are these notes negotiable instruments?

 

Reference no: EM1382969

How do you balance human error and negligence

How do you balance human error and negligence? Your response must encompass the core course concepts including patient safety, error, and personal accountability. Describe a

Challenge and minimize its impact on interview

Indicate the interview type you will be using (i.e phone, video, in person). Next, determine one 1 challenge that may arise with this type of inter view. Develop a plan to m

What factors are important to consider when leading teams

What factors are important to consider when leading teams at the executive level? What aspects are essential in identifying appropriate members for teams and ensuring the team

Protecting market share

Dell Corp. has entered the printer market, HP's most successful product line.  If you are the product manager at HP, what will you do to protect your market share against Del

The senior management

The senior management of your company has already made the strategic decision to allocate annual funding to each of the strategic business units (SBUs) within the company. A n

Field of public administration and nonprofit organizations

Purpose of the assignments is to introduce students to the field of public administration and nonprofit organizations by identifying and analyzing the challenges a public ad

Letter saying no to solicitation for funds

Explain your new policy and refuse, as gently as possible, the request for a donation. Remember the goal is to refuse and still keep the people working with the organization

Project manager point of view

After watching the video, from a project manager point of view, discuss the importance of knowing the scope of the project, the scenario of the project, in this case an expe

Reviews

Write a Review

 
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd