Which of the following instruments satisfies the requirements of negotiability?
A)An instrument that states,"payment is to be made 10 days after delivery of the goods" but fails to indicate when delivery is to be made.
B)An instrument that states,"payment is to be made at some future time after above date."
C)An instrument that states,"an extension for payment is allowable" but fails to state a fixed time for payment.
D)An instrument that states,"payment shall be in the form of stock."
E)An instrument that states,"this contract was created for the purpose of being transferred."

Question

Quizplus · Accepted Answer

A)For an instrument to be negotiable,the instrument must indicate that it was
created for the purpose of being transferred.
B)For an instrument to be negotiable,the instrument must indicate that it was created for the purpose of being transferred.
C)For an instrument to be negotiable,the instrument must indicate that it was created for the purpose of being transferred.
D)For an instrument to be negotiable,the instrument must indicate that it was created for the purpose of being transferred.
E)For an instrument to be negotiable,the instrument must indicate that it was created for the purpose of being transferred.

Which of the Following Instruments Satisfies the Requirements of Negotiability