Asked by Tiffany Smith on May 10, 2024

verifed

Verified

The quality of a negotiable instrument that ensures its longevity is known as ________.

A) movability
B) conditional allotment
C) relative permanence
D) negotiation
E) unconditional surrender

Relative Permanence

The concept that certain things are not absolutely permanent but can be considered permanent relative to specific contexts or conditions.

Negotiable Instrument

A document guaranteeing the payment of a specific amount of money, either on demand or at a set time.

Longevity

The length or duration of life; often used in context to refer to the extended lifespan of individuals or entities.

  • Understand the importance and influence of judicial decisions on interpreting and applying the Uniform Commercial Code provisions related to negotiable instruments.
verifed

Verified Answer

VV
Vaughan van HeerdenMay 11, 2024
Final Answer :
C
Explanation :
The quality of a negotiable instrument that ensures its longevity is known as relative permanence.