Answered By: Suzanne Schriefer, Education & General Education Librarian
Last Updated: Aug 06, 2018     Views: 1886

First, define "negotiable instrument" in more concrete terms because it can be several specific things.

Negotiable Instrument 

A Commercial Papersuch as a check or promissory note, that contains the signature of the maker or drawer; an unconditional promise or order to pay a certain sum in cash that is payable either upon demand or at a specifically designated time to the order of a designated person or to its bearer.

West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.
FastCase is a library database containing full-text court opinions, statutes, regulations, and other legal resources that is searchable. It can be access through the Rasmussen College Online Library.

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