Negotiable banker's acceptances conform to each of the following EXCEPT
A) they are either verbal or in writing
B) they are payable on demand or at a specified time
C) they are payable to order or to bearer
D) they are signed by the bank
E) they contain an unconditional payment guarantee upon receipt of the trade documents

Question

Quizplus · Accepted Answer

Negotiable banker's acceptances are formal financial instruments and must be in writing; they cannot be verbal.

Negotiable Banker's Acceptances Conform to Each of the Following EXCEPT