No drafts other than checks may be used in commercial transactions.
Correct Answer:
Verified
Q11: To be negotiable, an instrument must condition
Q12: The payee of a certificate of deposit
Q13: Because negotiable instruments were originally paper documents,
Q14: When a note is lost, impaired, or
Q15: A promissory note signed to obtain a
Q17: An unusual signature clearly increases the marketability
Q18: For a negotiable instrument to operate practically
Q19: Commonly used in international trade, a draft
Q20: A trade acceptance is created when, as
Q21: Stating with certainty a fixed amount of
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