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Aleksandr-060686 [28]
2 years ago
14

Shawn will pay Craig with a negotiable instrument, and Shawn plans to involve a third party in that process. What instrument sho

uld he use
Business
1 answer:
masha68 [24]2 years ago
5 0

The instrument that Shawn must use is “payable to the order of” before the name of the payee.

<h3>Requirements of Negotiability </h3>
  • The first of the four major considerations is whether or not a paper is negotiable, and it is one that nonlawyers must address.
  • Auditors, retailers, and financial institutions frequently handle notes and checks and must make quick decisions about negotiability.
  • In a negotiable instrument, the only permissible promise or direction is to pay a particular sum of money. Any other promise or command renders negotiability null and void
  • This restriction exists to prohibit an instrument from having an uncertain value.
  • If the bearer of a negotiable instrument had to examine whether a provision or condition had been met before the thing had any value, the utility of the object as a substitute for money would be severely diminished.

Hence, the instrument that Shawn must use is “payable to the order of” before the name of the payee.

To learn more about the Negotiation instrument refer to:

brainly.com/question/9312091

#SPJ4

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Explanation:

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"Which type of accounts" the ____ on an investment is the investors gain or loss on the investment over a period of time.
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Suppose Asarta Inc. is polluting yucko and they have been tasked with cleaning up some of their waste. The company decides to cl
uranmaximum [27]

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No, because the MB > MC,

Yes, because the MB > MC and

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Janis just won a scholarship that will pay her $500 a month, starting today, and continuing for the next 48 months. Which one of
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Answer:

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Overton, Inc. had the following transactions in 2017, its first year of operations: • Issued 15,000 shares of common stock. Stoc
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Answer:

total stockholders' equity =  $660000

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given data

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to find out

total stockholders' equity

solution

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8 0
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