Asked by Kristopher Curry on May 30, 2024
Verified
Form of the document has no effect on negotiability, as long as the information is correct.
Form of Document
refers to the specific layout, structure, and requirements that a document must meet for legal or official purposes.
Negotiability
The quality of a financial instrument that allows it to be transferred or assigned from one party to another in a way that the rights accompanying the instrument are also transferred.
- Comprehend the influence of structure and substance on the negotiability of financial instruments.
Verified Answer
KC
Khushboo ChauhanJun 03, 2024
Final Answer :
False
Explanation :
The form of the document can affect its negotiability. For a document to be negotiable, it must meet certain formal requirements specified by law, such as being in writing and signed by the maker or drawer.
Learning Objectives
- Comprehend the influence of structure and substance on the negotiability of financial instruments.