Accountancy, asked by sushmitachowdhary141, 1 year ago

Distingush between negotiable and non negotiable and quasi negotiable instruments

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Answers

Answered by love6941

It is signed by the maker engaging (agreeing) to pay the payee (thebeneficiary) either on demand (anytime) or at a fixed or determinable future time. Most promissory notes arenon-negotiable (hence the term 'promissory': a promise). Additionally, anon-negotiable instrument includes a document of title.

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