Multiple Choice
All but which of the following is required of a negotiable instrument?
A) It must be payable only out of a particular fund.
B) It must contain an unconditional promise to pay a fixed amount in money.
C) It must be payable on demand or at a fixed future date.
D) It must be in writing and signed by the maker or drawer.
Correct Answer:
Verified
Correct Answer:
Verified
Q33: The Code provides that which of the
Q34: Javon signed a 90-day note promising to
Q35: A time draft is one payable upon
Q36: Where both words and numerals are used
Q37: Payment to a named payee by a
Q39: Under the law of assignments,the assignee stands
Q40: Which of the following is not a
Q41: Words of negotiability are:<br>A) "To the order
Q42: April purchases $18,000 of goods from Lin
Q43: Negotiability gives commercial paper a high degree