When an Instrument Fails to Meet the Technical Requirements Necessary

Multiple Choice

When an instrument fails to meet the technical requirements necessary to qualify as a negotiable instrument, which of the following statements is true?

A) The instrument is still enforced as a negotiable instrument if it has been transferred to a holder in due course.
B) The instrument is still enforced as a negotiable instrument if it has been accepted by a bank.
C) The instrument is still enforced as a negotiable instrument if the holder can establish detrimental reliance based on a reasonable belief that the instrument qualified as a negotiable instrument.
D) The instrument may qualify as an enforceable contract.
E) The instrument is null and void and of no use to the holder.