A(n) __________ instrument's terms are enforceable, but the instrument is treated simply as a contract governed by contract law.
A) nonnegotiable
B) negotiable
C) accommodation
D) secondary

Question

Quizplus · Accepted Answer

Nonnegotiable instruments are enforceable but are treated as simple contracts governed by contract law, unlike negotiable instruments which are subject to specific rules under the Uniform Commercial Code (UCC).

A(n) __________ Instrument's Terms Are Enforceable, but the Instrument Is