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Madden Relwhat Is A Non Negotiable Instrument

Madden Relwhat Is A Non Negotiable Instrument. If an instrument is not negotiable, it generally will not be acceptable as payment in commercial transactions. A negotiable instrument is an unconditional order or promise to pay an amount of money, which can be transferred—for example, cheques or banknotes.


Madden Relwhat Is A Non Negotiable Instrument

— an instrument to be negotiable must conform to the following requirements: A negotiable instrument is a signed document that promises a payment to a specified person or assignee.

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