What two characteristics must a written document have in order to satisfy the requirement that a negotiable instrument be in writing?
A) (1) relative permanence and (2) a signature by both parties.
B) (1) a signature at the end by the party to be charged and (2) movability.
C) (1) relative permanence and (2) acknowledgement.
D) (1) movability and (2) acknowledgement.
E) (1) relative permanence and (2) movability.

Question

Quizplus · Accepted Answer

Negotiable instruments must have (1) relative permanence, meaning they are durable and can withstand the test of time without significant degradation, and (2) movability, indicating they can be physically transferred from one person to another.

What Two Characteristics Must a Written Document Have in Order