A is corrent. In order to satisfy the requirements of negotiability, an instrument must be payable at a definite time or on demand. Since the instrument presented in this problem is payable when the maker is "able to obtain a bank loan," it is not payable at a definite time and is therefore not negotiable.
B is incorrect. There is no requirement that an instrument be dated in order to be negotiable.
C is incorrect. A negotiable instrument may be payable to either a named payee (order) or to bearer.
D is incorrect. A reference to the contract out of which an instrument arose will not prevent it from being negotiable. However, if the instrument stated that it was "subject to" the contract, the instrument would not be negotiable.
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