A Promise or Order Is Only Considered Negotiable If ________

question 45

Multiple Choice

A promise or order is only considered negotiable if ________.

• A) the promise or order to pay is unconditional
• B) it states that the promise or order is subject to or governed by another writing
• C) the rights to the promise or order are stated in another writing
• D) an express condition to payment is mentioned

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Definitions:

Percentage Increase

A mathematical calculation that determines the degree of growth of a figure or value in comparison to its original amount, expressed as a percentage.

Net Income

The total earnings of a company after all expenses and taxes have been deducted from total revenue, indicating the company's profit.

Year 1

A term typically used to refer to the first year of an activity, study, or business operation.

Liquidity Ratios

Financial metrics used to evaluate a company's ability to meet its short-term obligations, indicating its financial health.