Multiple Choice
All but which one of the following is required of a negotiable instrument?
A) It must be payable only out of a particular fund.
B) It must contain an unconditional promise or order to pay a fixed amount in money.
C) It must be payable on demand or at a definite future date.
D) It must be in writing and signed by the maker or drawer.
Correct Answer:

Verified
Correct Answer:
Verified
Q11: Which of the following would be an
Q12: An "X" or a thumbprint could constitute
Q13: Which of the following will destroy negotiability?<br>A)
Q14: Explain the effect that a reference to
Q15: Bill goes to First Bank to get
Q17: Which article of the UCC governs "negotiable
Q18: An incomplete instrument is not negotiable. However,
Q19: Which of the following does not fulfill
Q20: Revised Article 3 eliminates the particular fund
Q21: Which of the following would not be