5 Questions
Which of the following is a written and signed promise to pay money?
Note
Which of the following is NOT a requirement for an instrument to be negotiable?
The instrument must be conditional
Which of the following would make a promise conditional under Article 3?
It refers to another writing for a statement of rights regarding collateral, prepayment, or acceleration
Which of the following instruments could be negotiable?
An instrument 'payable 30 days after my uncle Sal’s death'
Which of the following is a type of negotiable instrument?
Promissory note
Test your knowledge of negotiable instruments with this quiz. Identify different types of negotiable instruments and learn about the requirements for an instrument to be negotiable. Practice and expand your understanding of notes, drafts, checks, and bills of exchange.
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