Negotiable Instrument - Unconditional Promise to Pay

The video tutorial explains the concept of an unconditional promise to pay, which is crucial for a commercial instrument to be negotiable. It delves into the nature of conditions, such as condition precedent and condition subsequent, and how their presence in an instrument makes it conditional, thus affecting its negotiability. Examples are provided to illustrate these conditions. The tutorial further clarifies that elements like presentment for payment do not constitute conditions, ensuring the promise remains unconditional.

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