A mere acknowledgment of a debt is not sufficient to create a ne?gotiable instrument.

Name: A mere acknowledgment of a debt is not sufficient to create a ne?gotiable instrument.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A negotiable instrument requires specific elements such as an unconditional promise or order to pay a certain amount of money, a specific payee or bearer, and a fixed period of time for payment. A mere acknowledgment of a debt does not meet these requirements.

A Mere Acknowledgment of a Debt Is Not Sufficient to Create