Solved

Besides Being Written, an Unconditional Order or Promise to Pay

Question 205

Multiple Choice

Besides being written, an unconditional order or promise to pay, must be made out for a definite sum of money. To be negotiable under Article 3 of the UCC, an instrument also must meet which of the following requirements it:


A) must be payable on demand or at a specified time period
B) must be made out "to order" or "to bearer "
C) must be signed by the maker or the drawer
D) must be payable on demand or at a specified time period and must be signed by the maker or the drawer
E) must be payable on demand or at a specified time period and must be signed by the maker or the drawer and must be made out "to order" or "to bearer"

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