Which of the following is not a requirement for an instrument to be negotiable?
A) Be an oral or written contract.
B) Have an unconditional promise or order to pay.
C) Specify a fixed sum of national currency.
D) Contain no additional promises.
E) Be signed by the creator of the instrument.

Question

Quizplus · Accepted Answer

Negotiable instruments must be in writing. An oral contract does not meet the criteria for negotiability. The other options (B, C, D, E) are indeed requirements for an instrument to be considered negotiable.

Which of the Following Is Not a Requirement for an Instrument