To be negotiable, if an instrument is not payable on demand, it must be payable at a definite time.

Name: To be negotiable, if an instrument is not payable on demand, it must be payable at a definite time.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

For an instrument to be negotiable, if it is not payable on demand, it must have a specific due date or be payable at a definite time to provide certainty to the payee about when payment is expected.

To Be Negotiable, If an Instrument Is Not Payable on Demand