Asked by Eugene Dioso on Apr 25, 2024
Discuss if the following instrument is negotiable:
"Ninety days after today,I promise to pay Sarah J.two thousand dollars."
Signed: Peter K.
Negotiable
Describes items, like certain documents, that can be transferred from one party to another with the endorsement or delivery, retaining its value.
Ninety Days
A time period equivalent to approximately three months or 90 consecutive days.
Promise
A declaration or assurance that one will do something or that a particular thing will happen.
- Evaluate the procedural conditions making an instrument negotiable.
Learning Objectives
- Evaluate the procedural conditions making an instrument negotiable.