All but which of the following is required of a negotiable instrument?
A) It must be payable only out of a particular fund.
B) It must contain an unconditional promise to pay a fixed amount in money.
C) It must be payable on demand or at a fixed future date.
D) It must be in writing and signed by the maker or drawer.

Question

Quizplus · Accepted Answer

A negotiable instrument does not have to be payable only out of a particular fund. It can be payable from any source of funds as long as it meets the other requirements stated in choices B, C, and D.

All but Which of the Following Is Required of a Negotiable