An acceptor is a drawer who has accepted the liability of paying the amount of money specified in a draft.
Correct Answer:
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Q1: If an instrument is negotiable, it is
Q3: The signature on an instrument must appear
Q4: Negotiation of commercial paper results in lesser
Q5: A negotiable instrument may be partly printed
Q6: A certificate of deposit is a written
Q7: The payee has no rights in an
Q8: The bank is the drawee on a
Q9: If an instrument is nonnegotiable, the rights
Q10: Revised UCC Article 3 refers to drawers,
Q11: A check is an order by a
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