menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Business Law Study Set 3
  4. Exam
    Exam 25: Negotiable Instruments
  5. Question
    For a Negotiable Instrument to Operate Practically as a Substitute
Solved

For a Negotiable Instrument to Operate Practically as a Substitute

Question 1

Question 1

True/False

For a negotiable instrument to operate practically as a substitute for cash, it must be easily transferable and uncollectible.

Correct Answer:

verifed

Verified

Related Questions

Q2: If an instrument is payable within a

Q3: Bon signs a promissory note for $12,500

Q4: To be negotiable, an instrument must condition

Q5: Yun writes an instrument that states it

Q6: An instrument that orders the drawee to

Q7: Sport Souvenir LLC orders a gross of

Q8: Oren signs an instrument payable to the

Q9: If an instrument does not specify a

Q10: For a drawee to be obligated to

Q11: A trade acceptance is created when, as

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines