Which of the following is not a requirement for an instrument to be negotiable?
A)Have an unconditional promise or order to pay.
B)Be signed by the creator of the instrument.
C)Specify a fixed sum of national currency.
D)Be an oral or written contract.
E)Contain no additional promises.

Question

Quizplus · Accepted Answer

A)The UCC does not allow an oral negotiable instrument.However,this does not
prevent the oral agreement from being a binding and enforceable contract.
B)The UCC does not allow an oral negotiable instrument.However,this does not prevent the oral agreement from being a binding and enforceable contract.
C)The UCC does not allow an oral negotiable instrument.However,this does not prevent the oral agreement from being a binding and enforceable contract.
D)The UCC does not allow an oral negotiable instrument.However,this does not prevent the oral agreement from being a binding and enforceable contract.
E)The UCC does not allow an oral negotiable instrument.However,this does not prevent the oral agreement from being a binding and enforceable contract.

Which of the Following Is Not a Requirement for an Instrument