To operate practically as a substitute for cash or a credit device, a negotiable instrument must be a transferable without the danger of being uncollectable b qualified with a promise to set aside the qualification c payable without recourse d conditional without the risk of being collectable

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To operate practically as a substitute for cash or a credit device, a negotiable instrument must be a . transferable without the danger of being

To operate practically as a substitute for cash or a credit device, a negotiable instrument must be

.

transferable without the danger of being uncollectable.

.

qualified with a promise to set aside the qualification.

.

payable without recourse.

.

conditional without the risk of being collectable.

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