Joe agrees to loan amy 500 amy agrees to pay joe back but, Ask an Expert

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Joe agrees to loan Amy $500. Amy agrees to pay Joe back, but Joe wants it in writing. Amy takes out a piece of tissue paper and writes, "Amy agrees to pay Joe $500." Is this a negotiable instrument? Why or why not?

What if Joe takes the tissue paper to Kinko's and copies it? Does that satisfy the permanency requirement?

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92672164

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