Which of the following is true regarding Jack's claim that he had a negotiable instrument and could collect from Hye?

A) Jack is correct.
B) The agreement is not negotiable because it does not contain words of negotiability.
C) The agreement is not negotiable because the book was the wrong book.
D) The agreement is not negotiable because Jack was not a party to the original contract.
E) The agreement is not negotiable because the amount at issue is insufficient to create a negotiable instrument.

Negotiable Instrument

A formal written commitment to pay a particular amount of money, either when asked or at an agreed-upon time, with the individual who will make the payment specified in the document.

Enforceable Assignment

A transfer of rights or property that is valid under law, allowing the assignee to enforce the assignment against the assignor and possibly against third parties.

Words Of Negotiability

Words of negotiability are specific phrases or terms included on financial instruments like checks or promissory notes that allow them to be transferred from one party to another.