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Retail Banking Industry And Processes MCQs

Why is a negotiable instrument a "special contract"?

Because nobody has to sign it

Because it is always only for services, not goods

Because there is no date written on it

Because it does not include the typical requirements of a contract such as offer, acceptance and consideration

Answer

Correct Answer: Because it does not include the typical requirements of a contract such as offer, acceptance and consideration

Explanation:

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