To be negotiable,the instrument must satisfy all except which one of the following requirements?
A) It must contain a promise or order to pay.
B) It must be for a fixed amount.
C) It must be written on paper.
D) It must be signed.

Question

Quizplus · Accepted Answer

The requirement that the instrument must be written on paper is not actually necessary for negotiability. While many negotiable instruments are indeed paper documents, electronic documents can also qualify as negotiable instruments under certain circumstances. Thus, option C is the correct choice as it is the requirement that is not essential for negotiability.

To Be Negotiable,the Instrument Must Satisfy All Except Which One