QuickHelper

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Category > Management Posted 06 Oct 2017 My Price 5.00

Abby Novel signed a handwritten note that read

Abby Novel signed a handwritten note that read, "Glen Gallwitz 1-8-2002 loaned me $5,000 at 6 percent interest a total of $10,000.00." The note did not state a time for repayment. Novel used the funds to manufacture and market a patented jewelry display design. More than seven years after Novel signed the note, Gallwitz filed a suit to recover the stated amount. Novel claimed that she did not have to pay because the note was note negotiable - it was incomplete. Is she correct? Explain. Legal Issue, Rule, Application, Explain. 

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QuickHelper
(10)
Status NEW Posted 06 Oct 2017 10:10 AM My Price 5.00

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