Discuss about the promissory note


Discuss the below:

Q: Monica has the following promissory note: "I owe $1,000 to Monica Jones to be paid when she graduates from college or trade school. This amount will bear interest at rate between 4% and 6%, as I choose in my sole discretion." It is signed by "Matthew Edwards". Explain three reasons why you suspect this note may not be negotiable.

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Business Law and Ethics: Discuss about the promissory note
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