Question

This instrument is negotiable

A. "I promise to pay P10,000 (sgd) M."
B. "Pay to P or order P10,000 if he marries X. (Sgd) M."
C. "Good to P or bearer P1M. (Sgd) M."
D. "I promise to pay P or order P1M or deliver to him one BMW. (Sgd) M.

Answer 1

Option C, “Good to P or bearer P1M. (Sgd) M.”, is the negotiable instrument because it is an unconditional promise to pay a specific amount to the bearer or the person identified as “P”.

Step-by-step explanation:

The instrument that is negotiable is option C. “Good to P or bearer P1M. (Sgd) M.” This option represents a negotiable instrument because it is an unconditional promise to pay a specific amount of money to the bearer or the person identified as “P”. The fact that it does not have any conditions attached to it makes it negotiable.