A __________ is a specialized form of promise to pay money given by a maker in which the bank is the maker.
A) note
B) certificate of deposit
C) trade acceptance
D) cashier's check
Correct Answer:
Verified
Q22: A certificate of deposit differs from a
Q23: An authorization to confess judgment on the
Q24: An "X" or a thumbprint could constitute
Q25: An "I.O.U." is a negotiable instrument.
Q26: A provision in a promissory note payable
Q28: Carol buys some items at the drugstore
Q29: A cashier's check is a check drawn
Q30: Revised Article 3 eliminates the particular fund
Q31: Bill goes to First Bank to get
Q32: To be negotiable, the instrument must satisfy
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