Asked by Christopher Trujillo on Jul 20, 2024
Verified
A negotiable instrument must be a conditional order to pay.
Conditional Order
Refers to an order in a legal or financial context that will only be executed if certain conditions are met.
Negotiable Instrument
A financial document, such as a check or promissory note, that contains a promise to pay a specific amount of money to the bearer or assignee, which can be transferred by endorsement or delivery.
- Learn the qualifications for an instrument to be considered negotiable.
Verified Answer
JH
Jonathan HawksJul 27, 2024
Final Answer :
False
Explanation :
A negotiable instrument is an unconditional order or promise to pay a certain amount of money.
Learning Objectives
- Learn the qualifications for an instrument to be considered negotiable.
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