To meet the UCC's requirements for negotiability, an instrument must be an unconditional oral promise to pay.

Name: To meet the UCC's requirements for negotiability, an instrument must be an unconditional oral promise to pay.
Brand: Quizplus
Rating: 4.8 (47 reviews)

Question

Quizplus · Accepted Answer

A negotiable instrument can be in writing or electronic form and must meet specific requirements to be considered negotiable, including an unconditional promise or order to pay a fixed amount of money. It does not have to be oral.

To Meet the UCC's Requirements for Negotiability, an Instrument Must