You verbally promise to pay your sister tomorrow the $25 that you owe her. This promise however, is not a negotiable instrument because
A) it is not in writing.
B) it is not payable at a specific time.
C) it is not a promise to pay a specific amount.
D) it does not contain an unconditional promise.

Question

Quizplus · Accepted Answer

Article 3 of the Uniform Commercial Code states that negotiable instruments must be (1) written and signed by the maker, (2) made payable on demand or at a certain time, (3) made payable to the bearer or to order, and (4) contain an unconditional promise to pay a specified amount of money.

You Verbally Promise to Pay Your Sister Tomorrow the $25