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What is the meaning of a negotiable instrument being "unconditional"?
  • a)
    The instrument can only be transferred if certain conditions are met
  • b)
    The instrument must be signed by the maker
  • c)
    The instrument must contain a fixed amount of money
  • d)
    The instrument must not have any conditions attached to its payment
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
What is the meaning of a negotiable instrument being "uncondition...
When we say that a negotiable instrument is "unconditional," it means that the instrument does not have any conditions attached to its payment. The promise or order to pay specified in the instrument must be absolute and not subject to any additional requirements or conditions.For example, if a promissory note states that the payment is only to be made if certain conditions are met, such as the completion of a specific task, then it is not considered an unconditional negotiable instrument.
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What is the meaning of a negotiable instrument being "uncondition...
When we say that a negotiable instrument is "unconditional," it means that the instrument does not have any conditions attached to its payment. The promise or order to pay specified in the instrument must be absolute and not subject to any additional requirements or conditions.For example, if a promissory note states that the payment is only to be made if certain conditions are met, such as the completion of a specific task, then it is not considered an unconditional negotiable instrument.
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What is the meaning of a negotiable instrument being "unconditional"?a)The instrument can only be transferred if certain conditions are metb)The instrument must be signed by the makerc)The instrument must contain a fixed amount of moneyd)The instrument must not have any conditions attached to its paymentCorrect answer is option 'D'. Can you explain this answer?
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What is the meaning of a negotiable instrument being "unconditional"?a)The instrument can only be transferred if certain conditions are metb)The instrument must be signed by the makerc)The instrument must contain a fixed amount of moneyd)The instrument must not have any conditions attached to its paymentCorrect 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 What is the meaning of a negotiable instrument being "unconditional"?a)The instrument can only be transferred if certain conditions are metb)The instrument must be signed by the makerc)The instrument must contain a fixed amount of moneyd)The instrument must not have any conditions attached to its paymentCorrect 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 What is the meaning of a negotiable instrument being "unconditional"?a)The instrument can only be transferred if certain conditions are metb)The instrument must be signed by the makerc)The instrument must contain a fixed amount of moneyd)The instrument must not have any conditions attached to its paymentCorrect answer is option 'D'. Can you explain this answer?.
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