An instrument states, "Subject to Approval of Title, Pay to the Order of Yvette, $3,000." Is the instrument negotiable?

What will be an ideal response?


No, this instrument is not negotiable. An instrument is not negotiable unless the promise or order is unconditional. The instrument is not negotiable because it does not contain an unconditional order. Here the order is subject to approval of title-and clearly conditional.

Business

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