Which of the Following Is Not Required for an Instrument

question 88

Multiple Choice

Which of the following is not required for an instrument to be considered negotiable?

• A) The instrument must contain an unconditional promise to pay.
• B) The instrument must promise to pay a fixed amount of currency.
• C) The instrument must be payable at any indefinite future time.
• D) The instrument must promise to pay.
• E) The instrument must be signed by the maker or drawer.

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Definitions:

Financial Indifferent

A state where different options present the same financial value or outcome, leaving the decision-maker indifferent in financial terms.

Manufacturing Capacity

The total amount of production a manufacturing facility can achieve within a specific period, considering limitations like machinery and labor.

Special Order

A special order is a one-time or unusual request from a customer that can require different pricing, terms, or production considerations compared to standard orders.

Regular Sales

The routine transactions and revenue generated from the normal business operations excluding any extraordinary or non-recurring sales.