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.

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Definitions:

Active

Engaged in action or marked by an energetic or vigorous activity.

Bureaucratize

The process of organizing a business, government, or organization according to a rigid and complex administrative structure, typically involving many official rules and procedures.

Sects

Subgroups within a larger religious movement or denomination, often with distinct beliefs or practices.

Churches

Religious institutions dedicated to conducting worship services, spiritual activities, and community support within various faith denominations.