Sunday, December 28, 2014

What are the five conditions of negotiable instruments that make them legally collectible?

What are the five conditions of negotiable instruments that make them legally collectible?
1.) Must be in writing
2.) Must contain an unconditional promise to pay a definite amount
3.) Must be payable on demand
4.) Must be payable to the order of a particular person or to theholder of the note
5.) Must be delivered to the payee

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