Assume that the promissory note from Vexnet to Onyx Advertising was payable on a date certain (and all other requirements were met) so that it was a valid negotiable instrument. How would the instrument be negotiated

Respuesta :

The way the instrument need to be negotiated is that Since it is an order instrument, it is negotiated by delivery and indorsement.

What is  negotiable instrument?

A negotiable instrument is known to be a kind of a signed document that tells or promises a  given amount of payment to a particular individual or the assignee.

Note that in the case above, The way the instrument need to be negotiated is that Since it is an order instrument, it is negotiated by delivery and indorsement.

See options below

Since it is an order instrument, it is negotiated by delivery only.

Since it is a bearer instrument, it is negotiated by delivery and indorsement.

Since it is a bearer instrument, it is negotiated by delivery only.

Since it is an order instrument, it is negotiated by delivery and indorsement.

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