formal reqs for negotiability

Question 1

formal reqs for negotiability

Answer 1

1) writing signed by maker or drawer
2) promise or order to pay is unconditional
3) fixed amount of money
4) must be payable to order or bearer- “to the order of
5) POD or at a definite time
6) pay money and nothing else

Question 2

if writing has elements of both,

Answer 2

it is bearer paper

Question 3

what is the exception to negotiability

Answer 3

checks