This topic contains a solution. Click here to go to the answer

Author Question: Explain the requirements of negotiability.[br][br][b][color=#165FFA]Question ... (Read 77 times)

joesmith1212

  • Hero Member
  • *****
  • Posts: 549
Explain the requirements of negotiability.

Question 2

The rights and duties of warehousers are regulated by the UCC.
  Indicate whether the statement is true or false



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jxjsniuniu

  • Sr. Member
  • ****
  • Posts: 343
Answer to Question 1

An instrument must comply with seven requirements in order to be negotiable. If it lacks any of these requirements, the document is not negotiable. The seven requirements are:
1. The instrument must be in writing and signed by the party executing it.

2. The instrument must contain either an order to pay or a promise to pay.

3. The order or the promise must be unconditional.

4. The instrument must provide for the payment of a fixed amount of money.

5. The instrument must be payable either on demand or at a fixed or definite time.

6. The instrument must be payable to the order of a payee or to bearer.

7. The payee and the drawee must be designated with reasonable certainty.

Answer to Question 2

TRUE




joesmith1212

  • Member
  • Posts: 549
Reply 2 on: Jun 24, 2018
Great answer, keep it coming :)


bigcheese9

  • Member
  • Posts: 333
Reply 3 on: Yesterday
Wow, this really help

 

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

For a complete list of videos, visit our video library