Which of the Following Instruments Satisfies the Requirements of Negotiability

question 41

Multiple Choice

Which of the following instruments satisfies the requirements of negotiability?

• A) An instrument that states, "payment is to be made at some future time after above date."
• B) An instrument that states, "payment is to be made 10 days after delivery of the goods" but fails to indicate when delivery is to be made.
• C) An instrument that states, "this contract was created for the purpose of being transferred."
• D) An instrument that states, "an extension for payment is allowable" but fails to state a fixed time for payment.
• E) An instrument that states, "payment shall be in the form of stock."

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