Multiple Choice
An instrument is negotiable if it satisfies six standards.Which of the following is a standard of negotiability?
A) The instrument can be oral provided there is proof beyond a reasonable doubt.
B) The instrument must be payable on demand.
C) The instrument must be conditional.
D) The instrument must state a definite sum of money.
Correct Answer:
Verified
Correct Answer:
Verified
Q2: Margo is in possession of a check
Q6: The term "issuer"<br>A)is not used in relation
Q6: Hayden owes Luther $5000.Hayden will only be
Q27: Under the UCC,a holder in due course
Q31: In June,The Seascape Gallery sells an oil
Q32: There are three parties on a promise
Q32: Tim wrote a negotiable note.Subsequently,Tim's debts were
Q36: Sonny has a negotiable instrument which he
Q37: To be negotiable,a check must be in
Q38: Hammer bought a tool set from Weekend