Which of the following is true of the negotiability of a written instrument?
A) The Uniform Commercial Code considers only instruments that are handwritten as negotiable.
B) An instrument written on a piece of wrapping paper will be considered a poor business practice and will not be negotiable.
C) The writing of an instrument does not have to be on any particular material; all that is required is that it be in writing to be negotiable.
D) An instrument written in pencil does not qualify as a negotiable instrument.

Question

Quizplus · Accepted Answer

To be negotiable, an instrument must be in writing. An instrument that is handwritten, typed, or printed is considered to be in writing. The writing does not have to be on any particular material; all that is required is that the instrument be in writing. A person could create a negotiable instrument in pencil on a piece of wrapping paper. It would be poor business practice to do so, but the instrument would meet the statutory requirement that it be in writing.

Which of the Following Is True of the Negotiability of a Written