Revised Article 1 of the UCC states that the "money" requirement for a negotiable instrument means the current official currency of the government, not just a medium of exchange authorized or adopted by a sovereign government as part of its currency.

Question

Quizplus · Accepted Answer

The revised Article 1 of the UCC defines "money" as the current official currency of the government, not just a medium of exchange authorized or adopted by a sovereign government as part of its currency.

Revised Article 1 of the UCC States That the "Money