A Writing Must Be on Paper in Order to Qualify

question 149

True/False

A writing must be on paper in order to qualify as a negotiable instrument.

---

Definitions:

Fifth Amendment Right

A constitutional provision that protects individuals from self-incrimination, mandates due process of law, and prohibits the government from seizing private property without fair compensation.

Self-Incrimination

The act of exposing oneself to prosecution by making statements or producing evidence that could prove one's own criminal guilt.

Fourteenth Amendment

An amendment to the U.S. Constitution that grants citizenship to all persons born or naturalized in the United States and guarantees equal protection under the laws.

Closely Held Corporations

Corporations that have a small number of shareholders and whose shares are not publicly traded, often managed by the shareholders.