(Optional) Identify commercial papers.

Identification should include

  • defining commercial papers (e.g., unconditional orders to pay money, unconditional promises to pay money, draft, check, promissory note)
  • providing a signature by the maker
  • designating an unconditional promise or order to pay
  • specifying the sum of money to be paid
  • specifying on demand or by a definite time
  • specifying the bearer or to someone's order.