One of the basic requirements for an instrument to be negotiable is that it must be payable:
A) to a specific person.
B) in cash or kind.
C) "to order" or "to bearer."
D) on fulfillment of a conditional promise.

Question

Quizplus · Accepted Answer

An instrument such as a check or a note must meet certain formal requirements to be a negotiable instrument. If the instrument does not meet these requirements, it is nonnegotiable; that is, it is treated as a simple contract, not as a negotiable instrument. One of the basic requirements for an instrument to be negotiable is it must be payable "to order" or "to bearer."

One of the Basic Requirements for an Instrument to Be