Asked by
T'Keyah Brown
on Nov 27, 2024
Verified
A promise that states an express condition to payment is negotiable if the condition is stated in writing on the instrument.
Promise
A person’s assurance that he or she will or will not do something.
Express Condition
A clearly stated stipulation in a contract that specifies an event or action that must occur for the contract to be fulfilled.
Payment
The transfer of money, goods, or services in exchange for a product, service, or obligation.
- Comprehend the principles and prerequisites of negotiable instruments.
Verified Answer
SA
Learning Objectives
- Comprehend the principles and prerequisites of negotiable instruments.