A promise to pay engraved in a mile-long steel pipe would qualify as a negotiable instrument as the promise would meet the permanency requirement.

Question

Quizplus · Accepted Answer

While the promise to pay may be sufficiently permanent, a mile-long steel pipe would not be easily transferable or capable of being endorsed, which are additional requirements for a document to be considered a negotiable instrument.

A Promise to Pay Engraved in a Mile-Long Steel Pipe