Which of the following is a fundamental requirement for a negotiable instrument?
A)that it must be supplemented with interest upon payment
B)that it must be secured with collateral
C)that it must contain a drawer, drawee, and a payee
D)that it must be in a permanent state

Question

Quizplus · Accepted Answer

A negotiable instrument must be in a permanent state, meaning it should be written and signed in a form that is intended to be lasting and not easily altered.

Which of the Following Is a Fundamental Requirement for a Negotiable