Multiple choice

A negotiable instrument which is blank except the maker's signature is known as

  1. ambiguous instrument

  2. blank instrument

  3. inchoate instrument

  4. not transferable instrument
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

An inchoate instrument is a document that is signed and stamped but is otherwise incomplete, such as a blank cheque or a promissory note waiting for the amount to be filled in.

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