Multiple Choice
Which of the following is an incorrect statement regarding the requirements for an instrument to be negotiable?
A) The instrument must be a written document.
B) The instrument must be payable at a fixed future time,not on demand.
C) The instrument must have an unconditional promise or order to pay.
D) The amount to be paid in the instrument must be a sum certain in money.
E) The document must contain either the words of negotiability-"to the order of"-or words indicating that it is a bearer instrument.
Correct Answer:
Verified
Correct Answer:
Verified
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