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Negotiability That determines liability.

Is it payable in money,
Refrain:
Not diamonds or antiquities?
The law of negotiable
For a fixed amount, its OK to
instruments
count
Is tricky, admittedly.
Interest variability.
The system of sale and
purchase,
Refrain
Of financial liability.
But the place to start were
Is there a definite time for
certain,
payment,
Is where we all should be.
Calculated to a certainty?
Theres 8 distinct requirements
Or on demand, we
To determine negotiability.
understand,
Means payable immediately.
Is the instrument in writing,
Payable to bearer,
With permanence and
Meets our needs sufficiently.
portability?
While payable to the order
Is the writing signed by
of,
the maker,
Means the order of the payee.
Or the drawer as the case
may be?
There are 8 distinct
Does it contain a
requirements
payment promise?
To determine negotiability;
Is there an order to pay the
A writing, signed, with
payee?
a promise or order,
These are the first three
payment unconditionally;
requirements
A fixed amount of money,
To determine negotiability.
On demand or timed with
certainty;
Is the promise or
Pay to bearer or order, and
order unconditional,
its no harder
Or is there a contingency?
To determine negotiability
There cant be another
document
Refrain

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