Negotiable Instrument - Factors Affecting Negotiability

The video tutorial explains the factors that make a commercial instrument negotiable. It covers the essential elements such as being in writing, signed by the maker, containing an unconditional promise to pay, and being payable on demand or at a specific time. The tutorial also discusses factors that do not affect negotiability, like the absence of a date, handwritten or typed format, and alterations that do not change core elements. Additionally, it addresses the role of interest rates and the specific case of checks, emphasizing that writing 'non-negotiable' on a check limits its use to presentment or deposit only.

Discuss the role of interest rates in the negotiability of instruments.

What impact does stating that an instrument is non-negotiable have?