Which of the Following Is Not a Requirement for an Instrument

question 31

Multiple Choice

Which of the following is not a requirement for an instrument to be negotiable?

• A)Have an unconditional promise or order to pay.
• B)Be signed by the creator of the instrument.
• C)Specify a fixed sum of national currency.
• D)Be an oral or written contract.
• E)Contain no additional promises.

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Definitions:

Period Costs

Expenses that are not directly tied to the production of goods or services and are expensed in the period they are incurred, such as sales and administrative expenses.

Outdoor Furniture

Furniture designed for use outside the house, often made of materials resistant to weather, such as aluminum, plastic, or wood.

Casual Furniture Company

A business that specializes in creating and selling furniture designed for informal settings, typically emphasizing comfort and style.

Conversion Costs

The combined costs of direct labor and manufacturing overhead that are incurred to convert raw materials into finished goods.