A person creates a handwritten instrument in pencil on a piece of wrapping paper.The instrument is:
A)negotiable even though it is handwritten.
B)nonnegotiable because it is handwritten.
C)nonnegotiable since it is written on a piece of wrapping paper.
D)void.

Question

Quizplus · Accepted Answer

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.

A Person Creates a Handwritten Instrument in Pencil on a Piece