employer gave pension fund company a note stating that employer promises to pay

Question

employer gave pension fund company a note stating that employer promises to pay pension fund company “all current contributions as they become due under the collective bargaining agreement in addition to the Sum of $15,606.44 with interest.” Is this note negotiable? Why or why not? 5. Employer gave Pension Fund Company a note stating that Employer promises to pay Pension Fund Company "all current contributions as they become due under the collective bargaining agreement in addition to the sum of $15,606.44 with interest." Is this note negotiable? Why or why not?

Explanation / Answer

This is negotiable since the given statement does not state what the interest amount is. It only states "$15,606.44 with interest". The interest amount is negotiable and can range from 0 to any number. So we can conclude that this not is negotiable.

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