Asked by Quentin Washington on May 28, 2024
Verified
Which of the following refers to the quality of a negotiable instrument that ensures its longevity?
A) Durability
B) Sustainability
C) Relative permanence
D) Movability
E) Viability
Relative Permanence
Pertains to the duration or stability of something compared with others, often indicating that it is more lasting or fixed but not permanent.
- Explain the characteristics that affect the negotiability of an instrument.
Verified Answer
JL
Jesse LauerJun 02, 2024
Final Answer :
C
Explanation :
Relative permanence refers to the quality of a negotiable instrument that ensures its longevity, meaning it remains valid and enforceable over time until it is fulfilled or extinguished.
Learning Objectives
- Explain the characteristics that affect the negotiability of an instrument.
Related questions
________ Refers to the Quality of a Negotiable Instrument That ...
Which of the Following Is True Regarding the Instrument Signed ...
What Are the Two Exceptions to the Time-Certain Requirement for ...
What Is the Difference Between a Demand Instrument and a ...
Once Negotiable, an Instrument Remains Negotiable but a Restrictive Endorsement ...