Which of the following statements is NOT correct?
A) A negotiable instrument is a document that represents an amount of money.
B) Negotiable instruments are a secure means of paying debts without the need for cash.
C) A negotiable instrument must be exchanged for cash or something of value.
D) 'Negotiability' means the instrument is freely transferrable to subsequent parties.
Correct Answer:
Verified
Q6: Negotiability means that a person who takes
Q7: Both a cheque and a bill of
Q8: A bill of exchange is signed by
Q9: Which of the following is NOT a
Q10: A bill of exchange is signed by
Q12: A bill of exchange is signed by
Q13: A bill of exchange is signed by
Q14: All negotiable instruments are transferable by negotiation.
Q15: Explain the difference between the nemo dat
Q16: There must be two parties involved in
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents