If an instrument fails to qualify as a negotiable instrument,that means that the instrument fails to be an enforceable contract.

Name: If an instrument fails to qualify as a negotiable instrument,that means that the instrument fails to be an enforceable contract.
Brand: Quizplus
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Quizplus · Accepted Answer

If an instrument fails to qualify as a negotiable instrument, that does not mean it fails to be a perfectly good and enforceable contract. All it means is that the special rules regarding negotiable instruments do not apply.

If an Instrument Fails to Qualify as a Negotiable Instrument,that