Asked by Britney Hicks on Jun 07, 2024
Verified
In order for an instrument to be negotiable,the promise or order to pay must be ________ and not ________.
A) general; expressed
B) specific; implied
C) general; implied
D) specific; expressed
E) equivocal; affirmative
Negotiable
Capable of being transferred from one person to another through endorsement or delivery, often used in the context of negotiable instruments like checks.
Promise
A promise or guarantee to take a specific action or ensure a certain outcome.
Order To Pay
A directive, usually legal or financial in nature, mandating that a certain amount of money must be paid.
- Discern the obligatory requirements and scenarios for instruments to be negotiable.
Verified Answer
Learning Objectives
- Discern the obligatory requirements and scenarios for instruments to be negotiable.
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