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

Question

Quizplus · Accepted Answer

Negotiable instruments must not specify a particular fund out of which payment is to be made; they require an unconditional promise or order to pay.

All but Which One of the Following Is Required of a Negotiable