To be negotiable, an instrument must condition its terms on the occurrence or nonoccurrence of some other event or agreement.

Name: To be negotiable, an instrument must condition its terms on the occurrence or nonoccurrence of some other event or agreement.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

For an instrument to be negotiable, its terms must be fixed and unconditional, not dependent on the occurrence or nonoccurrence of some other event or agreement.

To Be Negotiable, an Instrument Must Condition Its Terms on the Occurrence