For an instrument to be negotiable, it must be an unconditional promise to pay a specific amount at some future date or on demand.

Name: For an instrument to be negotiable, it must be an unconditional promise to pay a specific amount at some future date or on demand.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Negotiability of an instrument, such as a promissory note or check, requires it to contain an unconditional promise or order to pay a fixed amount of money either on demand or at a definite time.

For an Instrument to Be Negotiable, It Must Be an Unconditional