Multiple Choice
All but which one of the following is required of a negotiable instrument?
A) It must be payable on demand or at a definite future date.
B) It must be in writing and signed by the maker or drawer.
C) It must contain an unconditional promise or order to pay a fixed amount in money.
D) It must be payable only out of a particular fund.
Correct Answer:

Verified
Correct Answer:
Verified
Q5: Negotiability invests negotiable instruments with a high
Q9: A draft involves three parties: a drawer,
Q12: An "X" or a thumbprint could constitute
Q42: A promise or order is unconditional unless
Q43: Carol buys some items at the drugstore
Q43: A signed promissory note stating "I promise
Q46: Only a bank may serve as the
Q48: Handwritten words supersede typewritten words contained in
Q49: Which of the following would be an
Q50: A promise or order is payable at