Which of the following is correct with respect to negotiability?
A) The writing requirement means that a check must be written on paper.
B) An order or promise to pay only out of a particular fund is permissible under Revised Article 3.
C) Money must be in U.S.dollars.
D) A negotiable instrument must be payable at a definite time.

Question

Quizplus · Accepted Answer

An order or promise to pay only out of a particular fund is permissible under Revised Article 3.

Which of the Following Is Correct with Respect to Negotiability