Recent Lessons

Show all results for ""

Feature Overview

Ace your exams with our all-in-one platform for creating and sharing quizzes and tests.

Quizzes

Create quizzes and tests automatically from your content using AI.

Flashcards

Automatically turn your notes into digital flashcards.

Share, Export & Embed

Share with classmates or export to Excel and your learning management system.

Stats & Reporting

Auto-grading quizzes and tests with detailed stats and reports.

Mobile Apps

The smarter way to study – wherever you are.

Pricing

Search...

5 Questions

1 Views

Negotiable Instruments Quiz

Choose a study mode

Play Quiz

Study Flashcards

Spaced Repetition

Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

Which of the following is a written and signed promise to pay money?

Note (correct)

Draft

Check

Bill of Exchange

Which of the following is NOT a requirement for an instrument to be negotiable?

The instrument must be conditional (correct)

The instrument must contain a promise or order to pay a fixed amount of money

The instrument must be in writing

The instrument must be signed

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 (correct)

It states that the promise is subject to or governed by another writing

It requires a countersignature by a person whose specimen signature appears on the promise

It limits payment to a particular source or fund

Which of the following instruments could be negotiable?

<p>An instrument 'payable 30 days after my uncle Sal’s death'</p> Signup and view all the answers

Which of the following is a type of negotiable instrument?

<p>Promissory note</p> Signup and view all the answers

Negotiable Instruments Quiz

Choose a study mode

Podcast

Questions and Answers

Which of the following is a written and signed promise to pay money?

Which of the following is NOT a requirement for an instrument to be negotiable?

Which of the following would make a promise conditional under Article 3?

Which of the following instruments could be negotiable?

Which of the following is a type of negotiable instrument?

More Like This

Formal Contracts: Negotiable Instruments Quiz

Negotiable Instruments Quiz

Negotiable Instruments Liability Quiz

Chapter 4: International Payment Instruments

Upgrade to continue