Which of the Following Is a Requirement for Commercial Paper

question 112

Multiple Choice

Which of the following is a requirement for commercial paper to be considered a negotiable instrument? It must:

• A) be signed in approval by a third party.
• B) contain a conditional promise to pay.
• C) be a promise to pay a specified amount of money.
• D) be an oral agreement between two or more parties.

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Definitions:

Dream House

An ideal or fantasy residence envisioned by an individual or family, often encompassing desired features, locations, and amenities.

Cost

The value of financial resources spent in the production of goods or the delivery of services, including direct and indirect expenses.

Model Trains

Scaled-down reproductions of trains, used as a hobby to build and display rail transport scenes.

Rate

A measure used to quantify the frequency, occurrence, or percentage of a certain event or outcome over a specified period or among a specific sample size.