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Law Quiz

The instrument is negotiable because it contains an unconditional promise to pay a specific amount of money (P5,000) at a definite time (10 days from today). The phrase 'when my means permit me to do so' does not invalidate the negotiability as it does not affect the certainty of the payment. Therefore, the instrument meets the requirements for negotiability.

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Christian Floralde
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29 views1 page

Law Quiz

The instrument is negotiable because it contains an unconditional promise to pay a specific amount of money (P5,000) at a definite time (10 days from today). The phrase 'when my means permit me to do so' does not invalidate the negotiability as it does not affect the certainty of the payment. Therefore, the instrument meets the requirements for negotiability.

Uploaded by

Christian Floralde
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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10 days from today, pay to A or order P5,000, when my means permit me to do so” (sgd.) “B” 9.

Question: Is the instrument negotiable? Yes or No, justify your answer.

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