Asked by Samantha DiJohn on Jun 30, 2024
Verified
Brie signs an instrument in which she promises to pay Carmen a certain price for her Dodge Dart. The instrument will be negotiable if it meets all of the requirements for negotiability, including that it is payable in
A) goods equal in value to the market price of the car.
B) money.
C) any of the choices.
D) services equal in value to the market price of the car.
Negotiable
Capable of being discussed and altered or the property of an instrument (like a check) to be legally transferable to another person.
Payable In
A term indicating the form of payment that is accepted or required, typically referring to currency type or method of payment.
Dodge Dart
A model of compact car produced by the American automobile manufacturer Dodge, known for its sporty design and performance.
- Comprehend the essential characteristics that render an instrument negotiable.
Verified Answer
Learning Objectives
- Comprehend the essential characteristics that render an instrument negotiable.
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