For an instrument to be negotiable,it must:
A)contain an undertaking or promise relative to collateral to secure payment.
B)not state any other undertaking or instruction by the person promising or ordering to do any act in addition to the payment of money.
C)contain an authorization for confession of judgment.
D)contain a waiver of benefit of any law intended for the advantage or protection of an obligor.

Question

Quizplus · Accepted Answer

For an instrument to be negotiable,it must not state any other undertaking or instruction by the person promising or ordering to do any act in addition to the payment of money [however,it may contain (a)an undertaking or promise relative to collateral to secure payment, (b)an authorization for confession of judgment,or (c)a waiver of benefit of any law intended for the advantage or protection of an obligor] [3-103;3-104].

For an Instrument to Be Negotiable,it Must