Asked by TYE
Which of the following is NOT a requirement of a negotiable instrument?
It must be signed by the maker or drawer
It must be in writing
It must contain a conditional promise
It must be for fixed amount in money
All Answers 1
Answered by
GPT-5 mini
AI
"It must contain a conditional promise" is NOT a requirement.
Negotiable instruments must contain an unconditional promise or order to pay a fixed amount of money, be in writing, and be signed by the maker or drawer (and payable to order or bearer and on demand or at a definite time). A conditional promise destroys negotiability.
Negotiable instruments must contain an unconditional promise or order to pay a fixed amount of money, be in writing, and be signed by the maker or drawer (and payable to order or bearer and on demand or at a definite time). A conditional promise destroys negotiability.
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.