After buying a yacht for $1.2 million using a cheque,Kyle returns to the yacht dealership demanding $200 000 of that money back on the grounds that his satisfaction was not fulfilled.Kyle argues that the yacht is only worth $1 million and believes he is entitled to the money that he overpaid.Which of the following requirements of using a negotiable instrument did Kyle fail to consider?

Question

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Kyle failed to consider the requirement of an unconditional obligation, which means that the payment must be made without any additional conditions or contingency. Kyle's request for a refund based on his satisfaction not being fulfilled means that the obligation was not unconditional. The other requirements are met as Kyle wrote and signed the cheque, both parties were identified, a certain sum of money was stated, and there was a time of payment.

After Buying a Yacht for $1