Question

Jaime draws up a promissory note that uses permanent paint, payable to nadia, on the side of a large immovable boulder. under the ucc, the note is

Answer 1

Answer:

The answer is: Invalid

Explanation:

The Uniform Commercial Code (UCC) requires that financial instruments need to be freely transferable. In order for a written instrument to meet this requirement, they must be moveable. Since Jaime wrote the promissory note on the side of large immovable boulder, it doesn't qualify as moveable. So the promissory note is invalid.