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Lamont signed a promissory note in favor of Roth as part of Lamont's purchase of supplies from Roth. The note required that the $10,000 be repaid 90 days from the date of the note. There were no conditions attached to repayment. Roth endorsed the note in blank and sold it to the bank. Lamont defaulted on the promissory note. The bank sought a judgment ordering Lamont to pay the bank. Under the Negotiable Instruments Article of the UCC, how will the court most likely rule?


a.

The court will not direct Lamont to pay the bank because the promissory note was not a negotiable instrument.

b.

The court will direct Lamont to pay the bank because the note was part of a transaction between merchants.

c.

The court will not direct Lamont to pay the bank because the promissory note was a negotiable instrument negotiated with Roth.

d.

The court will direct Lamont to pay the bank because the promissory note was a negotiable instrument negotiated to the bank in due course.

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