The negotiability of an instrument is affected by a statement of the consideration for which the instrument was given.

Name: The negotiability of an instrument is affected by a statement of the consideration for which the instrument was given.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The negotiability of an instrument is not affected by a statement of the consideration for which it was given, as negotiability is determined by the form and terms of the instrument itself, not by external factors like consideration.

The Negotiability of an Instrument Is Affected by a Statement