Negotiable instruments may have:
A) one or two parties.
B) two parties only.
C) two or three parties.
D) three parties only.
E) one, two or three parties.

Question

Quizplus · Accepted Answer

Negotiable instruments generally have at least two parties involved - a payee and a drawer. However, some instruments like checks, drafts, and bills of exchange may have an additional party involved, i.e. the drawee. Therefore, negotiable instruments may have two or three parties involved.

Negotiable Instruments May Have