Which of the Following Is True Regarding the Status of Negotiable

question 74

Multiple Choice

Which of the following is true regarding the status of negotiable instruments in regard to international transactions?

• A)The Uniform Commercial Code is accepted as the defining word on negotiability in North America and Europe.
• B)The definitions in regard to negotiable contracts vary from country to country.
• C)The United Nations Committee on Contracts defines and enforces concepts of negotiability for all member nations.
• D)The World Trade Organization defines and enforces concepts of negotiability for all member nations.
• E)The Uniform Negotiation Act,agreed upon by a majority of countries,addresses definitions in regard to negotiability.

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