A conditional promise is not a negotiable instrument.

Name: A conditional promise is not a negotiable instrument.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A negotiable instrument is a written document that promises payment to the holder on demand or at a specific time. A conditional promise, on the other hand, is a promise that depends on certain conditions being met before the payment is made. Therefore, a conditional promise is not a negotiable instrument.

A Conditional Promise Is Not a Negotiable Instrument