Multiple Choice
A promise or order is only considered negotiable if ________.
A) the promise or order to pay is unconditional
B) it states that the promise or order is subject to or governed by another writing
C) the rights to the promise or order are stated in another writing
D) an express condition to payment is mentioned
Correct Answer:

Verified
Correct Answer:
Verified
Q40: Which of the following is true of
Q41: _ are special forms of contracts that
Q42: Explain the requirement for a fixed amount
Q43: _ of the Uniform Commercial Code (UCC)
Q44: If the payee of the instrument is
Q46: What are nonnegotiable contracts?
Q47: Negotiable instruments help in creating a credit
Q48: A negotiable instrument must be in writing
Q49: A _ is a type of draft
Q50: An acknowledgement of debt is sufficient to