Refer to Fact Pattern 14-2. This instrument is
A) a banker's acceptance.
B) a nonnegotiable instrument.
C) a promissory note.
D) a trade acceptance.
Correct Answer:
Verified
Q8: A time draft is payable at a
Q10: An unauthorized signature binds the person whose
Q17: For an instrument to be negotiable, it
Q20: A demand instrument is payable immediately after
Q21: An irregularity on the face of an
Q25: An indorser who does not wish to
Q34: Dishonor occurs if payment of an instrument
Q34: With respect to negotiability, a mere reference
Q37: Discharge in bankruptcy is no defense on
Q39: A holder does not take an instrument
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents