Asked by Aleczander Bagensie on May 10, 2024
Verified
A written document containing the signature of the creator that makes an unconditional promise or order to pay a sum certain in money at either a time certain or on demand is called a ________.
A) negated instrument
B) promised instrument
C) negotiable instrument
D) promissory agreement
E) negotiable agreement
Unconditional Promise
A pledge or commitment that is absolute and not subject to any conditions or contingencies.
Sum Certain
A specified amount agreed upon within a contract that is clear and not subject to change.
Negotiable Instrument
A document guaranteeing the payment of a specific amount of money, either on-demand or at a set time.
- Comprehend the meaning and attributes of negotiable instruments according to the Uniform Commercial Code (UCC).
Verified Answer
NV
Nency ViraniMay 14, 2024
Final Answer :
C
Explanation :
A negotiable instrument is a written document containing the signature of the creator who makes an unconditional promise or order to pay a sum certain in money at either a time certain or on demand.
Learning Objectives
- Comprehend the meaning and attributes of negotiable instruments according to the Uniform Commercial Code (UCC).
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