Asked by Ethan Calura on Jun 14, 2024
Verified
The principal advantage of negotiable instruments is their legitimacy.
Negotiable Instruments
Written documents that guarantee the payment of a specific amount of money to the bearer or to a specific person, under certain conditions.
- Comprehend the subtleties between common law and legislative amendments in the domain of negotiable instruments law.
Verified Answer
VW
vincent williamsJun 16, 2024
Final Answer :
False
Explanation :
The principal advantage of negotiable instruments is their transferability and the ability to substitute for cash or act as a credit instrument, not merely their legitimacy.
Learning Objectives
- Comprehend the subtleties between common law and legislative amendments in the domain of negotiable instruments law.