In Order to Be Considered Valid, a Negotiable Instrument Need

question 59

True/False

In order to be considered valid, a negotiable instrument need not state a fixed amount of money.

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Definitions:

Workers' Compensation

A form of insurance providing wage replacement and medical benefits to employees injured in the course of employment in exchange for mandatory relinquishment of the employee's right to sue their employer for negligence.

Contributorily Negligent

Pertaining to a situation where an injured party may have contributed to their own harm or loss and thus may be partially responsible.

Recognized Standard

A set of criteria, norms, or guidelines that are widely accepted and implemented within a particular industry or field.

Bona Fide Occupational Qualification

A work requirement that is necessary for the normal operation of a particular business or enterprise, allowing discrimination in hiring under specific circumstances.