Which of the Following Is Not a Requirement of Negotiability

question 32

Multiple Choice

Which of the following is not a requirement of negotiability?

• A) The instrument must be in writing.
• B) The instrument must be signed by the maker or drawer.
• C) The instrument must state a fixed amount of money.
• D) The instrument must contain an indorsement.
• E) The instrument must contain an unconditional order or promise to pay.

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Definitions:

Financial Benefits

Advantages gained in monetary terms, such as increased revenue, cost savings, or improved profit margins.

Tax Advantages

Financial benefits derived from tax laws, such as deductions or credits, which reduce the tax liability for individuals or businesses.

Reduced Debt

A financial condition indicating a decrease in the amount of money owed by an individual, company, or government.

Cultural Transformation

The process of fundamentally changing the underlying values, beliefs, and behaviors of an organization to achieve lasting organizational change.