Question

Checks, drafts, notes, and certificates of deposit are special types of contracts recognized by the UCC. They require a special form and language for their creation and must meet certain requirements for transfer.

These are examples of which of the following types of formal contracts?

A. letters of credit
B. contracts under seal
C. recognizances
D. negotiable instruments

Answer 1

checks drafts notes and certificates of deposit are special types of contacts recognized by the UCC. They require a special form and language for their creation and must meet certain requirements for transfer. These are examples of which of the following types of formal contracts

D negotiable instruments.