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Negotiability
NEGOTIABILITY

Definition: The state or quality of being negotiable (possible to be negotiated; (of stocks, bills of exchange, securities, etc.) transferable from one person to another, with or without endorsement).
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* All eight elements should be in.


1. Purposeful and necessary to be in state or of quality.

2. Terms and conditions will be specific and identifiable.

3. Applicable rule, if any, will be acceptable to all parties.

4. Dealers will be with authorities or the wherewithal needed.

5. Value or worth of item involved will be mutually agreed on.

6. Veracity or validity of documents or instruments won't be an issue.

7. Law guiding exchange and principles in respect of deals are obeyed.

8. The time or costs needed to conclude transaction will be available.
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See perfect EXCHANGEABILITY.

See perfect AFFORDABILITY (2).

See perfect TRANSFERABILITY.
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