Question

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

• A. True
• B. False

Answer 1

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.