If an Instrument Is Negotiable, It

question 19

Multiple Choice

If an instrument is negotiable, it

• A) can be transferred freely from one person to another.
• B) must be payable on demand.
• C) must always be payable to a bank.
• D) must be payable from a special fund.

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Definitions:

Designations

Titles or labels used to indicate status, qualifications, or specific roles within an organization or profession.

Repairs

The act of fixing or restoring something that is damaged, broken, or not functioning properly.

Title Examinations

A process in real estate transactions that reviews and verifies the legality of a property's title to ensure it is free from claims or liens.

Environmental Contaminants

Substances introduced into the environment that cause harm or discomfort to the ecosystems or organisms living there.