Multiple Choice
A negotiable instrument is
A) valuable documents that can be pledged as security to another.
B) an instrument that can be given in exchange for a promise of another.
C) an instrument that is used in negotiations.
D) a written promise by a party given in exchange for a promise of another.
E) a written contract containing a promise,express or implied,to pay a specific sum of money to the order of a designated person or to bearer.
Correct Answer:

Verified
Correct Answer:
Verified
Q6: Which of the following is NOT a
Q7: Since contracts can benefit non-parties,should the rules
Q8: The general rule is that a contract
Q9: An undisclosed principal is a contracting party
Q10: The legal owner of trust property is
Q12: An exemption clause is a provision in
Q13: A receiving order is used in<br>A)negotiations.<br>B)tort proceedings.<br>C)legal
Q14: An unscrupulous creditor might sell the right
Q15: The rule regarding privity can be overcome
Q16: The right to intangible property is known