The formal requirements of negotiable instruments include each of the following EXCEPT
A)they must be in writing and signed by the creator or drawer.
B)there must be an unconditional obligation to pay a fixed amount of money.
C)they must indicate a specific time when payment is due.
D)they must indicate whether the payment is for money or assets.
E)they must be a transfer of the whole obligation.

Question

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The formal requirements of negotiable instruments include being in writing and signed by the creator or drawer, an unconditional obligation to pay a fixed amount of money, indicating a specific time when payment is due, and being a transfer of the whole obligation. However, they do not need to indicate whether the payment is for money or assets.

The Formal Requirements of Negotiable Instruments Include Each of the Following