For an Instrument to Be Negotiable,it Must

question 20

Multiple Choice

For an instrument to be negotiable,it must:

• A)contain an undertaking or promise relative to collateral to secure payment.
• B)not state any other undertaking or instruction by the person promising or ordering to do any act in addition to the payment of money.
• C)contain an authorization for confession of judgment.
• D)contain a waiver of benefit of any law intended for the advantage or protection of an obligor.

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Definitions:

Intermediate Goods

Products used as inputs in the production of final goods or services, not sold directly to consumers.

Migration

The movement of people from one place to another, often with the intent of settling temporarily or permanently in the new location.

Developing Countries

Refers to nations with lower living standards, undeveloped industrial bases, and low Human Development Index (HDI) relative to other countries.

Foreign Exchange

The conversion of one currency into another for the purpose of trade, travel, or investment in the global market.