Question

A promise or order is only considered negotiable if ________. it states that the promise or order is subject to or governed by another writing the rights to the promise or order are stated in another writing the promise or order to pay is unconditional an express condition to payment is mentioned

Answer 1

For a promise or order to be considered negotiable, it must of a necessity be an unconditional order for payment. Unlike deals where satisfaction with the goods being purchased is prerequisite for payment, for a negotiable promise or order, payment cannot depend upon any condition or contract.