A negotiable instrument may be oral if the parties agree.

Negotiable Instrument

A document guaranteeing the payment of a specific amount of money, either on demand or at a set time, with the payer named or to the bearer.

Acquire knowledge about the qualifications necessary for an instrument to be deemed negotiable in accordance with the UCC.

Verified Answer

Final Answer :

False

Explanation :

A negotiable instrument must be in writing to be enforceable.

Learning Objectives

Acquire knowledge about the qualifications necessary for an instrument to be deemed negotiable in accordance with the UCC.