An instrument fails to be negotiable because it states, "payment will be made by $100 and a rare antique vase." Which of the following scenarios would render the instrument negotiable?
A) The instrument changes "and" to "or."
B) The instrument omits $100.
C) The instrument omits the rare antique vase.
D) The instrument omits how payment will be made.
E) The payment clause as-is does not preclude the instrument from being negotiable.

Question

Quizplus · Accepted Answer

For an instrument to be negotiable, it must promise or order payment of a fixed amount of money. By omitting the rare antique vase, the instrument would meet the requirement of being payable solely in money.

An Instrument Fails to Be Negotiable Because It States, "Payment