When written documents are signed by a party that makes an unconditional promise to pay the holder of the instrument a specific sum of money on demand,or at a certain time,they are called?
A)Formal contracts
B)Recognizances
C)Simple contracts
D)Informal contracts
E)Negotiable instruments

Question

Quizplus · Accepted Answer

A)Negotiable instruments are unconditional written promises to pay the holder a
specific sum of money on demand or at a certain time.
B)Negotiable instruments are unconditional written promises to pay the holder a specific sum of money on demand or at a certain time.
C)Negotiable instruments are unconditional written promises to pay the holder a specific sum of money on demand or at a certain time.
D)Negotiable instruments are unconditional written promises to pay the holder a specific sum of money on demand or at a certain time.
E)Negotiable instruments are unconditional written promises to pay the holder a specific sum of money on demand or at a certain time.

When Written Documents Are Signed by a Party That Makes