Question

"Which of the following is not negotiable?

A. Pay to D or order P10,000 on or before Dec. 31,1997 (Sgd.E)
B. Pay to A or order P10,000 Notice of Dishonor waived. (Sgd. B)
C. Pay to B or order P5,000 or deliver two horses at the option of the holder. (Sgd. D)
D. Pay to C or order P10,000 and to deliver 10 sacks of rice. (Sgd. D)"

Answer 1

Option A, "Pay to D or order P10,000 on or before Dec. 31,1997 (Sgd.E)", is the non-negotiable statement.

Step-by-step explanation:

The statement that is not negotiable is option A. "Pay to D or order P10,000 on or before Dec. 31,1997 (Sgd.E)". In negotiable instruments, certain requirements must be met. One of these requirements is that the instrument must be payable on demand or at a specific future time. Option A does not meet this requirement as it specifies a specific date for payment, making it non-negotiable.