Which of the Following Terms Would Make an Instrument Nonnegotiable

question 25

Multiple Choice

Which of the following terms would make an instrument nonnegotiable?

• A) It is dependent upon an event.
• B) It is undated.
• C) It is payable in foreign money.
• D) It gives the holder the right to receive interest.

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Definitions:

Time Utility

The value added to products or services by making them available at a time convenient for consumers, enhancing customer satisfaction.

Place Utility

The value added to products or services by having them available at a convenient place for consumers.

Orbitz

An online travel agency that allows consumers to book flights, hotels, car rentals, and other travel-related activities.