Commercial Law, 2012 Bar — Question IV

ESSAY

Indicate and explain whether the promissory note is negotiable or non-negotiable. a) I promise to pay A or bearer Php100,000.00 from my inheritance which I will get after the death of my father. (2%) b) I promise to pay A or bearer Php100,000 plus the interest rate of ninety (90) day treasury bills. (2%) c) I promise to pay A or bearer the sum of Php100,000 if A passes the 2012 bar exams. (2%) d) I promise to pay A or bearer the sum of Php100,000 on or before December 30, 2012. (2%) e) I promise to pay A or bearer the sum of Php100,000. (2%)

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