Stating with certainty a fixed amount of money to be paid at the time an instrument is payable ensures that the value of the item can be determined with clarity.

Name: Stating with certainty a fixed amount of money to be paid at the time an instrument is payable ensures that the value of the item can be determined with clarity.
Brand: Quizplus
Rating: 4.8 (31 reviews)

Question

Quizplus · Accepted Answer

Stating a fixed amount of money ensures clarity in the value of the instrument, as it specifies exactly how much is to be paid, eliminating ambiguity regarding its value.

Stating with Certainty a Fixed Amount of Money to Be