Question

Essential characteristics of a negotiable instrument is/are

• A. Title
• B. Right to sue
• C. Both A) and
• D. None of the above

Answer 1

Answer:

C. Both A) and

• A negotiable instrument is a signed document that guarantees the payment of a specific amount of money to a named person or assignee. It can be exchanged or sold, and the legal ownership can be transferred from one party to another