A medium of exchange adopted or authorized by a sovereign government as part of its currency is known in the law of negotiable instruments as:
A) the sum certain.
B) consideration.
C) value.
D) money.

Question

Quizplus · Accepted Answer

In the law of negotiable instruments, the medium of exchange authorized by a sovereign government is known as money. Choice A, B, and C are all important concepts in the law of contracts, but they do not directly relate to negotiable instruments.

A Medium of Exchange Adopted or Authorized by a Sovereign