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Question

The time of payment of a negotiable instrument need not be certain.

A
True
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B
False
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Solution

The correct option is B False
Time of Payment must be Certain: If the order is to pay when convenient then such an order is not a negotiable instrument. Payee also must be certain: The person to whom the payment is to be made must be a specific person or persons. Also, there can be more than one payee for a negotiable instrument.

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