Which of the Following Is Correct with Respect to Negotiability

question 10

Multiple Choice

Which of the following is correct with respect to negotiability?

• A) The writing requirement means that a check must be written on paper.
• B) An order or promise to pay only out of a particular fund is permissible under Revised Article 3.
• C) Money must be in U.S.dollars.
• D) A negotiable instrument must be payable at a definite time.

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Definitions:

Bookkeeping

Bookkeeping is the systematic recording, organizing, and maintaining of financial transactions for a business or individual.

Profit and Loss

Profit and Loss, often referred to as P&L, is a financial statement that summarizes the revenues, costs, and expenses incurred during a specific period of time, usually a fiscal quarter or year.

Accounting Reports

Documents that give insights into the financial performance of a business, including trial balances, profit and loss statements, and balance sheets.

List Management

The organization, maintenance, and manipulation of lists within software applications, such as customer lists, inventory lists, or account lists.