To be negotiable, an instrument must be on material that lends itself to permanence.

Question

Quizplus · Accepted Answer

According to the Uniform Commercial Code, for an instrument to be negotiable, it must be written on paper or another medium suitable for preservation in a tangible form. This means that the material on which the instrument is written must have a degree of permanence so that it can remain in its original form for a considerable period of time. Therefore, the statement is true.

To Be Negotiable, an Instrument Must Be on Material That