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To Become a Negotiable Instrument, a Draft Must Conform to the Following

Question 21

Multiple Choice
To become a negotiable instrument, a draft must conform to the following requirements EXCEPT:

To become a negotiable instrument, a draft must conform to the following requirements EXCEPT:


A) it must be in writing and signed by the maker or drawer.
B) it must be payable to order or to bearer.
C) it must be written in English.
D) it must be payable on demand or at a fixed or determinable future date.

Correct Answer:

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