Question

To become a negotiable instrument, a draft must conform to the following requirements EXCEPT: it must be in writing and signed by the maker or drawer it must be payable to order or to bearer it must be written in English it must be payable on demand or at a fixed or determinable future date

Answer 1

Answer:

It must be written in English

Explanation:

The conditions that makes a draft a negotiable instrument does not contain that it must be written in English.

The conditions include the following:

1. The order should be unconditional

2. It must be a fixed amount

3. It has to be 'payable to bearer' or 'payable to order '

4. It has to be 'payable on demand' or at a definite time,

5. Must be a signed writing ordering payment of money