Explanation
The correct answer is A: Will.
A negotiable instrument is a type of document that represents a promise to pay a certain amount of money to the bearer of the document or to a designated person. It can be transferred from one person to another by endorsement, making it a useful tool for facilitating transactions and commerce.
The three types of negotiable instruments are cheques, promissory notes, and bills of exchange. Each of these instruments has specific characteristics that make them negotiable.
A cheque is a document that orders a bank to pay a certain amount of money from the account of the person who wrote the cheque to the person named on the cheque or to the bearer of the cheque.
A promissory note is a written promise to pay a certain amount of money to the person named on the note or to the bearer of the note.
A bill of exchange is a written order from one person to another to pay a certain amount of money to a third person or to the bearer of the bill.
A will, on the other hand, is not a negotiable instrument. It is a legal document that sets out a person's wishes regarding the distribution of their assets after their death. While a will can contain instructions regarding the payment of debts and the transfer of assets, it is not a promise to pay a certain amount of money to anyone and cannot be transferred from one person to another like a negotiable instrument.
