Instruments cannot be negotiable even if they are payable in a foreign currency.

Question

Quizplus · Accepted Answer

Instruments, such as bills of exchange and promissory notes, can be negotiable even if they are payable in a foreign currency. This means that they can be transferred from one party to another, and the holder of the instrument can receive payment in the foreign currency specified. However, there may be additional risks and costs associated with holding and transacting in foreign currency instruments.

Instruments Cannot Be Negotiable Even If They Are Payable in a Foreign