Asked by Indri Puspita on May 18, 2024
Verified
________ refers to the quality of a negotiable instrument that ensures it is mobile or available in a commercially reasonable and expected manner.
A) Momentum
B) Movability
C) Performance ability
D) Adaptability
E) Versatility
Movability
The characteristic of an asset that allows it to be transferred or moved from one location to another.
- Detail the characteristics that influence an instrument's ability to be negotiated.
Verified Answer
JM
Jamous McQueenMay 24, 2024
Final Answer :
B
Explanation :
Movability is the correct term that refers to the quality of a negotiable instrument being transferable or available in a commercially reasonable and expected manner.
Learning Objectives
- Detail the characteristics that influence an instrument's ability to be negotiated.
Related questions
Which of the Following Refers to the Quality of a ...
Which of the Following Is True Regarding the Instrument Signed ...
What Is the Difference Between a Demand Instrument and a ...
What Are the Two Exceptions to the Time-Certain Requirement for ...
Once an Instrument Is Negotiable, It Remains Negotiable