A promise that states an express condition to payment is negotiable if the condition is stated in writing on the instrument.

Name: A promise that states an express condition to payment is negotiable if the condition is stated in writing on the instrument.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A promise or order is not negotiable if it is conditional upon the fulfillment of an express condition. For an instrument to be negotiable, it must contain an unconditional promise or order to pay a fixed amount of money.

A Promise That States an Express Condition to Payment Is