Abby signed a handwritten note that stated, “Glen loaned me $5,000 at 6% interes

Abby signed a handwritten note that stated, “Glen loaned me $5,000 at 6% interest that totals $10,000.”  When Abby did not pay the note back, Glen sued her for the payment.  Abby alleged that the note was not negotiable because the note did not contain a certain or definite time for repayment.  Is Abby right?  Why or Why Not?

Post navigation

Leave a Reply

Your email address will not be published. Required fields are marked *