For an Instrument to Be Negotiable, It Must Be an Unconditional

question 76

True/False

For an instrument to be negotiable, it must be an unconditional promise to pay a specific amount at some future date or on demand.

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Definitions:

US

The abbreviation for the United States, a country located primarily in North America.

Blocking Effect

A result showing that an animal learns nothing about a stimulus if the stimulus provides no new information.

Conditioning

A behavioral process whereby a response becomes more frequent or more predictable in a given environment as a result of reinforcement, with reinforcement typically being a stimulus or reward for a desired response.

Surprise

An emotional response to unexpected events or information, characterized by heightened interest and physiological arousal.