If an Instrument Fails to Qualify as a Negotiable Instrument,that

question 31

True/False

If an instrument fails to qualify as a negotiable instrument,that means that the instrument fails to be an enforceable contract.

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Definitions:

Annual Salary

The total amount of money that an employee is paid over the course of a year for their work.

Capital Balance

Represents the amount of money that the owners of a business have invested in it or the net worth of the business.

Operations

Refers to the day-to-day activities necessary for running a business and generating value.