Solution Library

What Should A Promissory Note Contain To Make It Negotiable

Question

1. Which of the following must a promissory note contain to make it negotiable?

a. Acknowledgement of debt

b. Implied promise to pay

c. Unconditional affirmative to pay

d. Promise to negotiate

 

2. If a person employs an architect to design the layout of his or her home, it would constitute a(n) _____ relationship.

a. Employer-employee

b. Principal-independent contractor

c. Principal-agent

d. Agent-independent contractor

 

Summary

These multiple choice questions belong to Law. The 1st question discusses about what a promissory note should contain to make it negotiable and the 2nd question discusses about what would hiring someone to do something would constitute.

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