A negotiable instrument is a special type of contract.It differs from a regular contract because a negotiable instrument is enforceable
A) without consideration.
B) even if the only consideration that supports it is a promise to perform a pre-existing obligation to the same party.
C) even if the only consideration that supports it is love and affection.
D) even though the only consideration that supports it is always a pre-existing public duty.
E) only if it is placed under a seal.
Correct Answer:
Verified
Q1: A person can be considered to be
Q2: Elliot bought a widget from Margaret.He paid
Q4: Bronwyn Hogg received a cheque.She endorsed in
Q5: Beryl opened a chequing account at the
Q6: A sight draft allows the payee of
Q7: Which of the following statements is TRUE
Q8: Ferdinand bought a boat from Isabelle.The price
Q9: You and I have entered into a
Q10: Martina bought a necklace from Roland.The price
Q11: Karinda sold a widget to Konrad.He paid
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents