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Which of the Following Is True Regarding Negotiable Instruments as Compared

Question 81

Multiple Choice

Which of the following is true regarding negotiable instruments as compared to contracts?


A) Similar to contracts, negotiable instruments require consideration.
B) Similar to contracts, negotiable instruments require offer and acceptance; but unlike contracts, negotiable instruments do not require consideration.
C) A negotiable instrument is a form of a contract and may be referred to as such.
D) Negotiable instruments lack the requirements of contracts involving consideration, offer, and acceptance.
E) Negotiable instruments require the same elements as contracts in regard to consideration, offer and acceptance.

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