A writing must be on paper in order to qualify as a negotiable instrument.

Name: A writing must be on paper in order to qualify as a negotiable instrument.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

With the advent of digital technology, electronic documents can also qualify as negotiable instruments as long as they meet the requirements specified by law. Therefore, a writing need not be on paper to qualify as a negotiable instrument, making the statement false.

A Writing Must Be on Paper in Order to Qualify