Chapter 13: Negotiable Instruments

A promise that states an express condition to payment is negotiable if the condition is stated in writing on the instrument.

False

Negotiating bearer instruments requires both indorsement and delivery because the use of bearer instruments involves more risk through loss or theft.

False

If the numerical and written amounts on a check differ, the check is payable in the written amount.

True

To be negotiable, if an instrument is not payable on demand, it must be payable at a definite time.

True

With an order instrument, the payee must be identified with certainty because the transfer of the instrument requires his or her signature.

True