To Become a Negotiable Instrument, a Draft Must Conform to the Following

question 3

Multiple Choice

To become a negotiable instrument, a draft must conform to the following requirements EXCEPT:

• A) it must be in writing and signed by the maker or drawer.
• B) it must be payable to order or to bearer.
• C) it must be written in English.
• D) it must be payable on demand or at a fixed or determinable future date.

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Definitions:

Poor Testability

A characteristic of a hypothesis or theory that makes it difficult to empirically test or validate.

Humanistic Theories

Psychological perspectives emphasizing individual potential and the importance of growth and self-actualization.

Empirical Evidence

Information acquired by observation or experimentation that is used as a basis for knowledge or reasoning.

Human Nature

The general psychological characteristics, feelings, and behavioral traits of humankind, regarded as shared by all humans.