The writing evidencing a negotiable instrument must be on material that lends itself to permanence.

Question

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A negotiable instrument is a written document that represents a promise to pay a specific amount of money to a specific person or order, either on demand or at a future date. To be considered negotiable, the writing must be on a material that can endure for a reasonable amount of time, such as paper or parchment. This requirement is essential to ensure that the instrument can be transferred between parties without losing its legal validity. Therefore, the statement is true.

The Writing Evidencing a Negotiable Instrument Must Be on Material