Payments via phones and other mobile devices represent the most common type of negotiable instrument regulated by the Uniform Commercial Code.

Question

Quizplus · Accepted Answer

Payments via phones and other mobile devices are typically processed through electronic transfers or digital wallets, which do not fall under the category of negotiable instruments as defined by the Uniform Commercial Code (UCC). Negotiable instruments are financial documents like checks, promissory notes, and drafts.

Payments Via Phones and Other Mobile Devices Represent the Most