The object of a negotiable instrument is to have it accepted readily as a substitute for money.

Question

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The purpose of a negotiable instrument, such as a check or a promissory note, is to be easily transferable and accepted as a form of payment or as a substitute for cash. This facilitates commercial transactions and makes it easier for individuals and businesses to conduct business without the need for physical cash.

The Object of a Negotiable Instrument Is to Have It