Asked by Carlos Paredes Monreal on May 13, 2024
Verified
There are two types of negotiable instruments.
Negotiable Instruments
Financial documents that guarantee the payment of a specified amount of money to a person in possession of the instrument, either on demand or at a set time.
- Comprehend the characteristics and types of transferable documents, including cheques and promissory notes.
Verified Answer
RS
Random StuffMay 17, 2024
Final Answer :
True
Explanation :
The two basic types of negotiable instruments are promises to pay money and orders to pay money.
Learning Objectives
- Comprehend the characteristics and types of transferable documents, including cheques and promissory notes.