Under the Negotiable Instruments Article of the UCC, which of the following statements is(are) correct regarding the requirements for an instrument to be negotiable? I. | The instrument must be in writing, be signed by both the drawer and the drawee, and contain an unconditional promise or order to pay. | II. | The instrument must state a fixed amount of money, be payable on demand or at a definite time, and be payable to order or to bearer. |
|
a. | Neither I nor II. | |
b. | II only. | |
c. | I only. | |
d. | Both I and II. |
|
