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Which of the following is a characteristic of negotiable instruments?
  • a)
    The document must be orally transferable
  • b)
    The document must be signed by the transferee
  • c)
    The document must contain a conditional promise or order to pay
  • d)
    The document must be transferable by delivery or endorsement
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
Which of the following is a characteristic of negotiable instruments?a...
One of the characteristics of negotiable instruments is that they must be transferable by delivery or endorsement. This means that the instrument can be legally passed on to another party either by physically delivering it to them or by endorsing it and delivering it. The transferee then becomes the new holder of the instrument and has the right to enforce its payment.For example, a check can be transferred by endorsing it on the back and delivering it to another person. The new holder can then present the check to the bank for payment.
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Which of the following is a characteristic of negotiable instruments?a...
One of the characteristics of negotiable instruments is that they must be transferable by delivery or endorsement. This means that the instrument can be legally passed on to another party either by physically delivering it to them or by endorsing it and delivering it. The transferee then becomes the new holder of the instrument and has the right to enforce its payment.For example, a check can be transferred by endorsing it on the back and delivering it to another person. The new holder can then present the check to the bank for payment.
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Which of the following is a characteristic of negotiable instruments?a)The document must be orally transferableb)The document must be signed by the transfereec)The document must contain a conditional promise or order to payd)The document must be transferable by delivery or endorsementCorrect answer is option 'D'. Can you explain this answer?
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Which of the following is a characteristic of negotiable instruments?a)The document must be orally transferableb)The document must be signed by the transfereec)The document must contain a conditional promise or order to payd)The document must be transferable by delivery or endorsementCorrect answer is option 'D'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about Which of the following is a characteristic of negotiable instruments?a)The document must be orally transferableb)The document must be signed by the transfereec)The document must contain a conditional promise or order to payd)The document must be transferable by delivery or endorsementCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following is a characteristic of negotiable instruments?a)The document must be orally transferableb)The document must be signed by the transfereec)The document must contain a conditional promise or order to payd)The document must be transferable by delivery or endorsementCorrect answer is option 'D'. Can you explain this answer?.
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