Asked by Oppong Bright on May 16, 2024
Verified
For an instrument to be negotiable,the instrument must indicate that it was created for the purpose of being ________.
A) transferred
B) paid
C) withdrawn
D) deposited
E) retained
Negotiable
A term denoting something that can be transferred or assigned from one party to another, typically referring to financial instruments or goods.
Purpose
The reason for which something is done or created, or for which something exists.
Transferred
The act of moving or passing something from one person, place, or entity to another.
- Comprehend the essential requirements and conditions that determine the negotiability of instruments.
Verified Answer
SJ
Sarcastic JusticeMay 22, 2024
Final Answer :
A
Explanation :
For an instrument to be negotiable,the instrument must indicate that it was created for the purpose of being transferred.
Learning Objectives
- Comprehend the essential requirements and conditions that determine the negotiability of instruments.
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