$1.$ A comprehensive, written lease agreement is an example of what type of contract?

Multiple Choice

a$.$ promissory contract

b$.$ implied$-$in$-$law contract

c$.$ express contract

d$.$ quasi$-$contract

e$.$ unconscionable contract

$2.$ Which of the following is true regarding the requirements for a negotiable instrument?

Multiple Choice

a$.$ The instrument need not be a written document.

b$.$ The instrument must be payable at a fixed future time, not on demand.

c$.$ The instrument must have an conditional promise or order to pay.

d$.$ The amount to be paid in the instrument does not have to be a sum certain.

e$.$ The document must contain either the words of negotiability$$to the order of$$or words indicating that it is a bearer instrument.

$3.$ The payee is the:

Multiple Choice

a$.$ party that gives the order

b$.$ party that must obey the order

c$.$ party receiving the money from the draft.

d$.$ assignor

e$.$ assignee