Which of the Following Is True Regarding Negotiable Instruments as Compared

question 34

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.

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