To be negotiable, the instrument must satisfy all except which one of the following requirements?
A) It must be for a certain amount.
B) It must be signed.
C) It must be payable on demand.
D) It must contain a promise or order to pay.

Question

Quizplus · Accepted Answer

Negotiable instruments must be for a certain amount, must be signed, and must contain a promise or order to pay. However, they do not have to be payable on demand; they can also be payable at a definite time.

To Be Negotiable, the Instrument Must Satisfy All Except Which