To be negotiable,a draft or check must contain the drawer's unconditional ________.
A) order to pay
B) assurance of performance
C) promise to pay
D) covenant
E) demand for assurance of performance

Question

Quizplus · Accepted Answer

A negotiable instrument such as a draft or check must contain an unconditional order to pay a certain sum of money. This means that the instrument must clearly instruct the drawee (the person or entity being asked to pay) to pay a specific amount of money to the payee (the person or entity who will receive the payment).

To Be Negotiable,a Draft or Check Must Contain the Drawer's