NEGOTIABLE INSTRUMENTS

1. Name some of the most common forms of negotiable instruments.

2. What is a negotiable instrument?

3. What advantages do negotiable instruments have over money for commercial uses?

4. Define negotiability.

5. Are all promissory notes negotiable instruments?

6. What words are necessary to make an instrument negotiable?

7. May an instrument be negotiable without containing the words or order, or or bearer?

8. What kind of negotiable instrument, if any, can be transferred without indorsement?