A Negotiable Instrument Is a Special Type of Contract

question 38

Multiple Choice

A negotiable instrument is a special type of contract.It differs from a regular contract because a negotiable instrument is enforceable

• A)without consideration.
• B)even if the only consideration that supports it is a promise to perform a pre-existing obligation to the same party.
• C)even if the only consideration that supports it is love and affection.
• D)even though the only consideration that supports it is always a pre-existing public duty.
• E)only if it is placed under a seal.

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Definitions:

Turnover

Refers to the total sales generated by a company during a specific period.

ROI

Return on Investment; a financial metric used to evaluate the efficiency of an investment or compare the efficiency of several investments.

Return On Investment

Return on investment (ROI) is a financial metric used to evaluate the efficiency of an investment, calculated as the net profit divided by the cost of the investment.

ROI

Return on Investment is a performance measure used to evaluate the efficiency or profitability of an investment relative to its cost.