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:

Appearances

Appearances refer to the outward or visual aspects of someone or something, how entities are perceived visually by others.

Stereotypic Judgments

Stereotypic judgments are assessments made about individuals or groups based on generalized beliefs or stereotypes rather than on their individual characteristics.

Characteristics

Qualities, traits, or features that distinguish a person, object, or phenomenon, defining its nature and behavior.

Resistance

The refusal to accept or comply with something; it can also refer to the ability not to be affected by something.