After Buying a Yacht for $1

Multiple Choice

After buying a yacht for $1.2 million using a cheque,Kyle returns to the yacht dealership demanding $200 000 of that money back on the grounds that his satisfaction was not fulfilled.Kyle argues that the yacht is only worth $1 million and believes he is entitled to the money that he overpaid.Which of the following requirements of using a negotiable instrument did Kyle fail to consider?

A) It must be signed and written.
B) Both parties must be identified.
C) There must be a certain sum of money.
D) There must be a time of payment.
E) There must be an unconditional obligation.