Which of the following is NOT a condition that would render a negotiable instrument defective?

Question

Quizplus · Accepted Answer

The fact that an instrument has been transferred more than once does not render it defective. In fact, negotiable instruments are often transferred multiple times before they are finally redeemed. However, the other conditions listed (overdue, dishonored, and altered) would all render a negotiable instrument defective.

Which of the Following Is NOT a Condition That Would