All but Which One of the Following Is Required of a Negotiable

question 16

Multiple Choice

All but which one of the following is required of a negotiable instrument?

• A) It must be payable only out of a particular fund.
• B) It must contain an unconditional promise or order to pay a fixed amount in money.
• C) It must be payable on demand or at a definite future date.
• D) It must be in writing and signed by the maker or drawer.

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Definitions:

Cognitive Computing System

Technology platforms designed to simulate human thought processes in a computerized model.

Understanding

The ability to comprehend or grasp the nature, significance, or explanation of something.

Experience

Refer to the knowledge or skill acquired by a person over time through involvement in or exposure to activities.

Accumulated Learning

The total knowledge and skills gained over time through education and experience.