Question 11
22 pts
Which of the following is true regarding negotiable instruments as compared to contracts?
? Like contracts, negotiable instruments require consideration, but unlike contracts. negotiable instruments do not require offer and acceptance.
? Like contracts, negotiable instruments require offer and acceptance, but unlike contracts. negotiable instruments do not require consideration.
? The term negotiable instrument and contract are used interchangeably.
? Negotiable instruments lack the consideration, offer, and acceptance requirements of contracts.
? Like contracts, negotiable instruments require consideration, offer, and acceptance.