A negotiable instrument is made payable:
A) either on demand or at a definite time in the future
B) without recourse
C) in perpetuity
D) None of the choices are correct.

Question

Quizplus · Accepted Answer

Negotiable instruments, such as checks, promissory notes, and bills of exchange, can be made payable either on demand or at a definite time in the future. This allows for flexibility in the payment terms, accommodating immediate payments or setting a specific date for future payment.

A Negotiable Instrument Is Made Payable