The Revised Article 3 of the UCC provides that a check which meets all requirements of being a negotiable instrument, except that it is not payable to bearer or order, is nevertheless a negotiable instrument.
Correct Answer:
Verified
Q2: A maker must sign in the lower,
Q9: Paper payable "on demand" fails the test
Q11: Revised Article 1 of the UCC states
Q12: An instrument payable at a definite time
Q12: To be negotiable,an instrument must be in
Q13: A reference in a negotiable instrument to
Q14: An incomplete instrument is not negotiable. However,
Q17: Because they are easier to read, typewritten
Q20: A promissory note is an instrument that
Q21: Form of the document has no effect
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