Which of the following requirements must an instrument meet in order to be negotiable?
A)It must be in writing.
B)It must contain an unconditional promise to pay.
C)It must be signed by the drawe.
D)All of the above.

Question

Quizplus · Accepted Answer

All of the above requirements must be met in order for an instrument to be negotiable according to the Uniform Commercial Code (UCC). It must be in writing, contain an unconditional promise to pay, and be signed by the drawer or maker.

Which of the Following Requirements Must an Instrument Meet in Order