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  3. Study Set
    Dynamic Business Law Study Set 1
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    Exam 26: Negotiable Instruments: Negotiability and Transferability
  5. Question
    If an Instrument Fails to Qualify as a Negotiable Instrument
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If an Instrument Fails to Qualify as a Negotiable Instrument

Question 5

Question 5

True/False

If an instrument fails to qualify as a negotiable instrument, it means that it could still be an enforceable contract, but the special rules regarding negotiable instruments do not apply.

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