An Instrument Is Negotiable If It Satisfies Six Standards

question 34

Multiple Choice

An instrument is negotiable if it satisfies six standards.Which of the following is a standard of negotiability?

• A) The instrument can be oral provided there is proof beyond a reasonable doubt.
• B) The instrument must be payable on demand.
• C) The instrument must be conditional.
• D) The instrument must state a definite sum of money.

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Definitions:

Core Benefit Proposition

The fundamental value or advantage that a product or service offers to customers, often serving as the primary reason for a consumer's purchase decision.

Direct Competitors

Businesses or entities that offer the same or very similar goods or services to the same customer or target market.

Catalog Retailer

A business that sells products through catalogs mailed to customers, who can place orders by mail, telephone, or online.

Competitive Advantage

An attribute or situation which positions a company more favorably or at an advantage relative to its competitors in the industry.