Which of the following is not required for an instrument to be considered negotiable?
A)The instrument must contain an unconditional promise to pay.
B)The instrument must be signed by the maker or drawer.
C)The instrument must be payable at any indefinite future time.
D)The instrument must promise to pay a fixed amount of currency.
E)The instrument must promise to pay.

Question

Quizplus · Accepted Answer

A)An instrument must specify payment either on demand or at a fixed future time
[UCC 3-104a)2)].
B)An instrument must specify payment either on demand or at a fixed future time [UCC 3-104a)2)].
C)An instrument must specify payment either on demand or at a fixed future time [UCC 3-104a)2)].
D)An instrument must specify payment either on demand or at a fixed future time [UCC 3-104a)2)].
E)An instrument must specify payment either on demand or at a fixed future time [UCC 3-104a)2)].

Which of the Following Is Not Required for an Instrument