One of the benefits of a negotiable instrument is that it can be used as a substitute for the assets owned by the drawer of the instrument.
Correct Answer:
Verified
Q61: An unconditional promise to pay a definite
Q62: The party to whom a check is
Q63: The maker or drawer of an instrument
Q64: To be negotiable,an instrument must contain a
Q65: The portability requirement is intended to ensure
Q67: A customer who has a checking account
Q68: The permanency requirement of negotiable instruments says
Q69: The drawee is also called the acceptor
Q70: A promise to pay engraved on a
Q71: An instrument that contains an unconditional order
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