Multiple Choice
Which of the following is true about the law governing negotiable instruments?
A) Somewhat fewer than half the states adopted the original version of Article 3 of the UCC.
B) Most negotiable instruments law is contained in federal statutes.
C) The most recent version of Article 3 of the UCC was released in 1990.
D) Negotiable instruments law comes primarily from common law.
Correct Answer:
Verified
Correct Answer:
Verified
Q45: A negotiable instrument must be typewritten.
Q46: Which of the following would NOT create
Q48: The Revised Article 3 of the Uniform
Q49: Which of the following is not a
Q50: Where must the signature appear on a
Q53: Under Article 3 of the UCC,what is
Q54: Which of the following would qualify as
Q55: A nonnegotiable contract is unenforceable.
Q63: In negotiable instruments,negotiation refers to the process
Q161: The law of negotiable instruments was designed