Which of the following is true regarding the instrument signed by Helen promising to pay William a 10% commission if he sold her car?
A) The instrument is negotiable.
B) The instrument is not negotiable only for the reason that it is based on a condition.
C) The instrument is not negotiable only for the reason that Helen is not a merchant.
D) The instrument is not negotiable only for the reason that it is not for a sum certain.
E) The instrument is not negotiable because it is based on a condition and also because it is not for a sum certain.

Question

Quizplus · Accepted Answer

Requirements for negotiability include the requirement that the document show an unconditional promise or order to pay and specify a fixed sum of money.

Which of the Following Is True Regarding the Instrument Signed