Which of the Following Is Correct with Respect to the Fixed

question 12

Multiple Choice

Which of the following is correct with respect to the fixed amount requirement of negotiability under Revised Article 3?

• A) The fixed amount requirement applies only to the principal.
• B) Interest may be stated in an instrument as a fixed or variable amount of money or it may be expressed as a fixed or variable rate or rates.
• C) A sum certain may be payable in installments or with a fixed discount if paid before maturity.
• D) All of these are correct.

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Definitions:

Facebook Page

A public profile specifically created for businesses, organizations, celebrities, and causes on the Facebook platform to share information and interact with followers.

Confidentiality

The principle of keeping sensitive information secret and ensuring it is accessed only by authorized individuals.

Medication Error

A preventable mishap that may cause or lead to inappropriate medication use or harm to a patient.

Negligence

The failure to take proper care in doing something, which can lead to unintended harm or injury to someone owed a duty of care.