________ instruments are forms of commercial paper that are transferable among businesses and individuals that represent a promise to pay a specified amount.
A) Uniform
B) Contract
C) Express
D) Negotiable

Question

Quizplus · Accepted Answer

Negotiable instruments, such as checks and promissory notes, are transferable and represent a promise to pay a specified amount to the bearer or the person named on the instrument. Uniform, contract, and express are not relevant terms in this context.

________ Instruments Are Forms of Commercial Paper That Are Transferable