Which of the following statements about commercial paper is false?
A) The law of commercial paper is covered in Article 2 of the UCC.
B) Commercial paper is a contract for the payment of money.
C) Commercial paper may serve as a substitute for money payable immediately.
D) Commercial paper can be used as a means of extending credit.
Correct Answer:
Verified
Q58: A conditional indorsement:
A)destroys the negotiability of the
Q59: Traveler's checks that commonly require,as a condition
Q60: The rate of interest courts impose on
Q61: Which of the following "signatures" would be
Q62: Clint wrote a check to pay for
Q64: Which of the following authorizes a creditor
Q65: Which of the following is the order
Q66: A(n)_ can be negotiated or transferred by
Q67: A _ is an order to pay
Q68: Which of the following statements is false
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