To be negotiable, an instrument must be written on high-quality, letter- or le?gal-size paper.

Name: To be negotiable, an instrument must be written on high-quality, letter- or le?gal-size paper.
Brand: Quizplus
Rating: 4.8 (39 reviews)

Question

Quizplus · Accepted Answer

The negotiability of an instrument is not dependent on the quality or size of the paper on which it is written. It is determined by the presence of certain legal characteristics, such as being payable to order or bearer and being transferable by endorsement or delivery.

To Be Negotiable, an Instrument Must Be Written on High-Quality