Which of the following is true regarding negotiable instruments in England?

A) Promissory notes can be negotiated between parties.
B) Checks can be negotiated between parties.
C) Bills of exchange can be negotiated between parties.
D) Promissory notes,checks,and bills of exchange can be negotiated between parties.
E) Promissory notes and checks can be negotiated between parties,but bills of exchange cannot.

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Tajrin Jahan · Accepted Answer

Final Answer : D, Explanation :  In England,the doctrine of privity of contract declares that contracts are exclusive to those who created them.However,this doctrine often limits and complicates business transactions.The problems created by privity of contract in England can be countered by using a negotiable instrument.Unlike contracts,in England bills of exchange,promissory notes,and checks can be negotiated between parties.

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