Rupert owes $5,000 in unpaid taxes.Using the back of an old t-shirt,he exe?cutes an instrument for $5,000 that otherwise meets the re?quire?ments for negotiability.This instrument is most likely
A)negotiable.
B)nonnegotiable,because an instrument must be on paper.
C)nonnegotiable,because a t-shirt is not sufficiently permanent.
D)nonnegotiable,because the government does not appreciate it.

Question

Quizplus · Accepted Answer

The negotiability of an instrument does not depend on what material it is written on, but rather on whether it meets the legal requirements for negotiability, such as a promise to pay a sum certain, a signature, and an unconditional promise to pay. As long as the instrument meets these requirements, it can be negotiable regardless of the material used to write it on.

Rupert Owes $5,000 in Unpaid Taxes