Which of the following statements will satisfy the basic requirement of a negotiable instrument to be in writing?
A) Only instruments that are handwritten are considered to be in writing.
B) An instrument written on a piece of wrapping paper will be considered a poor business practice and will not be negotiable.
C) Writing does not have to be on any particular material,all that is required is that the instrument be in writing to be negotiable.
D) An instrument written in pencil does not qualify as a negotiable instrument.
Correct Answer:
Verified
Q23: Which of the following will destroy the
Q24: A draft is a:
A)two-party instrument.
B)three-party instrument.
C)single party
Q25: Ricardo borrowed $1,000 from his friend,John Wilfred.Ricardo
Q26: If an instrument satisfies the formal requirements
Q27: A note which contains the statement,"I owe
Q29: Which of the following would qualify as
Q30: A note in which the maker promises
Q31: Richard borrowed $100 from his friend,Leonard Smith.Richard
Q32: Emily Henrik residing in the state of
Q33: A holder in due course takes the
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