The Code provides that which of the following provisions may be included in an instrument without adversely affecting negotiability?
A) A power to give collateral to secure payment
B) Authorization to confess judgment on the instrument
C) Waiver of the benefit of any law intended for the protection of the obligor
D) All of these

Question

Quizplus · Accepted Answer

According to the Code, all three provisions (power to give collateral, authorization to confess judgment, and waiver of the benefit of any law intended for the protection of the obligor) may be included in an instrument without adversely affecting its negotiability.

The Code Provides That Which of the Following Provisions May