Which of the Following Statements Is False About the Writing

question 63

Multiple Choice

Which of the following statements is false about the writing requirement of negotiable instruments?

• A)The in writing requirement is waived if the payable amount is under $100.
• B)An instrument is considered to be in writing if it is handwritten.
• C)An instrument is considered to be in writing if it is typed.
• D)An instrument is considered to be in writing if it is printed.

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Definitions:

Factors of Production

The resources used in the creation of goods and services, traditionally categorized into land, labor, capital, and entrepreneurship.

Coordinate Economic Activity

The process of organizing and managing various facets of the economy to ensure efficient and effective functioning.

Technology Used

Refers to the application of scientific and technical knowledge to production processes to improve efficiency, increase output, or create new products.

Quantity and Quality

Refers to the amount and the standard of a product or service, indicating its overall value or suitability.