Multiple Choice
Which of the following is true regarding negotiable instruments as compared to contracts?
A) Similar to contracts,negotiable instruments require offer and acceptance;but unlike contracts,negotiable instruments do not require consideration.
B) Negotiable instruments lack the requirements of contracts involving consideration,offer,and acceptance.
C) Negotiable instruments require the same elements as contracts in regard to consideration,offer and acceptance.
D) Similar to contracts,negotiable instruments require consideration.
E) A negotiable instrument is a form of a contract and may be referred to as such.
Correct Answer:

Verified
Correct Answer:
Verified
Q3: If a third party never becomes involved
Q30: What is the effect of the instruments
Q31: Which of the following is not a
Q32: As a general rule,the promise or order
Q33: Which of the following is the most
Q35: If Janet sues Bruce in his individual
Q36: Which term refers to the time it
Q36: The UCC requirement that the signature of
Q76: Anne orally promises Julia that in return
Q79: A draft is an order by a