(Solved): Question 11 22 pts Which of the following is true regarding negotiable instruments as compared to co ...

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.