Which of the following is true regarding the relationship between negotiability and an unconditional promise or order to pay?
A)An offer of unconditional partial payment satisfies requirements of negotiability.
B)A promise or order to pay must be specific and not be implied in order for negotiability to be found.
C)Simply acknowledging a debt satisfies the negotiability requirement of an unconditional promise to pay.
D)There is no such requirement in order to find negotiability.
E)A common IOU is sufficient to satisfy the negotiability requirement of an unconditional promise to pay.

Question

Quizplus · Accepted Answer

A)To satisfy the requirement of an unconditional promise or order to pay needed in order to establish negotiability,the promise or order to pay must be specific and not implied.
B)To satisfy the requirement of an unconditional promise or order to pay needed in order to establish negotiability,the promise or order to pay must be specific and not implied.
C)To satisfy the requirement of an unconditional promise or order to pay needed in order to establish negotiability,the promise or order to pay must be specific and not implied.
D)To satisfy the requirement of an unconditional promise or order to pay needed in order to establish negotiability,the promise or order to pay must be specific and not implied.
E)To satisfy the requirement of an unconditional promise or order to pay needed in order to establish negotiability,the promise or order to pay must be specific and not implied.

Which of the Following Is True Regarding the Relationship Between