To Be Negotiable, an Instrument Must Include All of the Following

question 1

Multiple Choice

To be negotiable, an instrument must include all of the following, except:

• A) a writing.
• B) signature of the maker or drawer.
• C) unconditional promise or order to pay.
• D) holder in due course.

---

Definitions:

Bank Memos

Bank memos are notes or records created by a bank to document adjustments made to a bank account, explaining any changes or transactions.

Bank Reconciliation

A process of matching and comparing figures from the accounting records against those shown on a bank statement to ensure they are in agreement and to identify any discrepancies.

Bank Statement

A document provided by a bank, detailing the transactions in a customer's account over a specified period.

Cash Balance

The amount of cash a company has available at any point in time, as reflected in its financial statements.