A negotiable instrument is a written document containing the signature of the creator that makes an unconditional promise or order to pay a sum certain of money ________.

A) to a third party vendor
B) at either a time certain or on demand
C) as a promissory agreement
D) to a bank
E) to a guarantor

Question

Alexandria Simone · Accepted Answer

Final Answer : B, Explanation :  Negotiable instruments are characterized by the promise or order to pay a specific amount of money either at a determinable future time or on demand, making option B the correct choice.

A negotiable instrument is a written document containing the signature of the creator that makes an unconditional promise or order to pay a sum certain of money ________.

A) to a third party vendor
B) at either a time certain or on demand
C) as a promissory agreement
D) to a bank
E) to a guarantor

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Learning Objectives

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A negotiable instrument is a written document containing the signature of the creator that makes an unconditional promise or order to pay a sum certain of money ________.A) to a third party vendorB) at either a time certain or on demandC) as a promissory agreementD) to a bankE) to a guarantor

Definitions

Learning Objectives

Learning Objectives

Related questions

A negotiable instrument is a written document containing the signature of the creator that makes an unconditional promise or order to pay a sum certain of money ________.

A) to a third party vendor
B) at either a time certain or on demand
C) as a promissory agreement
D) to a bank
E) to a guarantor