Which of the following is not necessary for an instrument to be negotiable? It must . . .
A) be signed
B) contain a promise or an order to pay
C) must be for a certain amount
D) must be payable on demand
E) have been acquired for consideration
Correct Answer:
Verified
Q16: A promissory note does not effectively gain
Q17: A negotiable instrument not payable to a
Q18: An instrument payable to order is one
Q19: A draft is an unconditional order by
Q20: Banker's acceptance is a short-term credit investment
Q22: The Uniform Commercial Code defines a _
Q23: A _ calls for payment on a
Q24: Of the following, who can become an
Q25: An "I.O.U." is not a negotiable instrument.
Q26: A bill of exchange drawn on another
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