for which it was Given—Negotiability.

Question 454.— A promissory note bears (1) on one corner the words " To be used as collateral security."

(2) In the body the words " To cover 50 per cent. of my subscribed stock in the above company."

Do either of these affect the negotiability of the note?

Answer.—We think that this is a promissory note notwithstanding the inclusion of either or both these phrases,