An Instrument Is Negotiable If It Satisfies Six Standards

question 27

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 signed by the payee.
• C)The instrument must be conditional.
• D)The instrument must state a definite sum of money.

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Definitions:

Nineteenth Century

The period from 1801 to 1900, marked by significant industrial, cultural, and political changes worldwide.

Pain Reliever

Medication used to alleviate pain, including over-the-counter drugs like acetaminophen and NSAIDs, as well as prescription opioids.

Delirium Tremens

A severe form of alcohol withdrawal featuring sudden and severe mental or nervous system changes.