________ are a special form of contract that satisfies the requirements established by Revised Article 3 of the UCC.
A)Banknotes
B)Negotiable instruments
C)Letters of credit
D)Stocks

Question

Quizplus · Accepted Answer

Negotiable instruments are a special type of contract that meets the requirements of Revised Article 3 of the UCC. This includes documents like promissory notes, checks, and bills of exchange. These instruments are transferable and can be used as a substitute for cash.

________ Are a Special Form of Contract That Satisfies the Requirements