One of the Basic Requirements for an Instrument to Be

question 46

Multiple Choice

One of the basic requirements for an instrument to be negotiable is that it must be payable:

• A) to a specific person.
• B) in cash or kind.
• C) "to order" or "to bearer."
• D) on fulfillment of a conditional promise.

---

Definitions:

Imagery

Visual descriptive or figurative language, especially in a literary work, used to create vivid pictures in the mind of the reader.

Due Dates

The specified deadlines by which tasks, assignments, or payments must be completed or submitted.

Memory Process

The sequence of activities involved in encoding, storing, and retrieving information in the human brain.

Adult Learning Cycle

A process of learning that adults go through, involving experiences, reflection, forming abstract concepts, and testing in new situations.