Paul agreed to lend Marsha $500. Thereupon Marsha made and delivered her note for $500 payable to Paul or order “ten days after my marriage.” Shortly thereafter Marsha was married. Is the instrument negotiable? Explain.

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Paul agreed to lend Marsha $500. Thereupon Marsha made and delivered her note for $500 payable to Paul or order “ten days after my marriage.” Shortly thereafter Marsha was married. Is the instrument negotiable? Explain.

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Paul agreed to lend Marsha $500. Thereupon Marsha made and delivered her note for $500 payable to Paul or order “ten days after my marriage.” Shortly thereafter Marsha was married. Is the instrument negotiable? Explain.

Explanation & AnswerSolution by a verified expert

Explanation

The instrument is nonnegotiable as the payment should be made at a definite time, and Individual M's marriage was not meant to happen at that time.

Verified Answer

The instrument is not negotiable as certainties were not meant to happen in case of Individual M's marriage.

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