If an instrument is negotiable, it
A) can be transferred freely from one person to another.
B) must be payable on demand.
C) must always be payable to a bank.
D) must be payable from a special fund.
Correct Answer:
Verified
Q19: The words order and bearer are words
Q20: Article 3 of the UCC is the
Q21: It is not a requirement of a
Q22: A(n) _ is a promise by a
Q23: A promissory note payable "on the day
Q25: The signature on a negotiable instrument must
A)
Q26: An IOU for $500 is
A) illegal.
B) a
Q27: An instrument stating on its face, "Pay
Q28: A(n) _ refers to a written document
Q29: For an instrument to be negotiable it
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