Solved

Which of the Following Is True Regarding Negotiable Instruments as Compared

Question 45

Multiple Choice

Which of the following is true regarding negotiable instruments as compared to contracts?


A) Similar to contracts, negotiable instruments require consideration.
B) Similar to contracts, negotiable instruments require offer and acceptance; but unlike contracts, negotiable instruments do not require consideration.
C) A negotiable instrument is a form of a contract and may be referred to as such.
D) Negotiable instruments lack the requirements of contracts involving consideration, offer, and acceptance.
E) Negotiable instruments require the same elements as contracts in regard to consideration, offer and acceptance.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents