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

Question

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] · Answer 1 · 2022-03-15T13:54:09+03:00

Leokris [45]3 years ago

8 0

Answer:

Not applicable

Explanation:

We don't have enough information to judge this case