Which of the following is a written document signed by a party that makes an unconditional promise to pay a specific sum of money on demand or at a certain time to the holder of the instrument?
A)A negotiable instrument
B)An implied-in-law contract
C)A recognizance
D)An implied-in-fact contract
E)A commercial bond

Question

Quizplus · Accepted Answer

A negotiable instrument is a written document signed by a person who makes an unconditional promise to pay a specific sum of money on demand or at a certain time to the holder of the instrument.The most common forms of negotiable instruments are checks,notes,drafts,and certificates of deposit.

Which of the Following Is a Written Document Signed by a Party