Which of the following is an example of a negotiable instrument under the UCC?

A bill of lading is indeed an example of a negotiable instrument under the Uniform Commercial Code (UCC). This type of document serves as a receipt for goods and as a contract for transportation. It can be transferred from one party to another, enabling the holder to claim the goods specified in the document. The negotiable nature allows it to be easily bought, sold, or used as collateral, facilitating trade and commerce.

In contrast, a driver’s license is a personal identification document and does not function as a negotiable instrument. An employment contract is a legal agreement between an employer and an employee but lacks the transferable characteristics associated with negotiable instruments. Similarly, a real estate deed conveys ownership of property but is not negotiable, as real estate transactions involve specific legal procedures that do not allow such documents to be easily transferred or negotiated in the manner that instruments like bills of lading can.