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frez [133]
3 years ago
9

Payable on Demand or at a Definite Time Abby Novel signed a handwritten note that read, "Glen Gallwitz 1–8–2002 loaned me $5,000

at six percent interest a total of $10,000." The note did not state a time for repayment. Abby used the funds to manufacture and market a patented jewelry display design. More than three years after Abby signed the note, Glen filed a suit to recover the stated amount. Abby claimed that she did not have to pay because the note was not negotiable, as it was incomplete. Is Abby correct
Social Studies
1 answer:
Leokris [45]3 years ago
8 0

Answer:

Not applicable

Explanation:

We don't have enough information to judge this case

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