All of the following are essential to negotiable commercial paper EXCEPT the fact that it must be:
A) in writing and signed by the maker or drawer.
B) payable to order, to bearer, or to cash.
C) on forms provided by a bank.
D) payable on demand or at a definite time.

Question

Quizplus · Accepted Answer

Negotiable commercial paper does not have to be on forms provided by a bank. Rather, it must meet the other three requirements listed in the answer choices: it must be in writing and signed by the maker or drawer, payable to order, to bearer, or to cash, and payable on demand or at a definite time.

All of the Following Are Essential to Negotiable Commercial Paper