Would the promissory note in given figure be negotiable

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Reference no: EM131472811

Question: Would the promissory note in Figure be negotiable in the following circumstances (state a reason for your answer):

a. If the words Value received had been omitted?

b. If the date July 1, 2002, was omitted?

c. If Ronald Brown had written the note in his own handwriting as follows: "I Ronald Brown promise to pay to the order of Alexis Smith five hundred and 00/100 dollars or one used car"?

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Reference no: EM131472811

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