Which of the following is not a requirement of negotiability?
A) The instrument must be in writing.
B) The instrument must be signed by the maker or drawer.
C) The instrument must state a fixed amount of money.
D) The instrument must contain an indorsement.
E) The instrument must contain an unconditional order or promise to pay.

Question

Quizplus · Accepted Answer

While indorsement is a requirement of negotiability, it is not an absolute requirement. Some instruments, such as bearer instruments, do not require indorsement. However, all negotiable instruments must have the other requirements listed in choices A, B, C, and E.

Which of the Following Is Not a Requirement of Negotiability