Fact Pattern 25-1B (Questions B5-B6 apply)
Thalia signs an instrument unconditionally promising to pay to "Union Bank" $7500 with interest in installments with the final payment due June 1, 2017.
-Refer to Fact Pattern 25-1B. The instrument that Thalia signed is most likely
A) a certificate of deposit.
B) a draft.
C) an order to pay.
D) a promissory note.
Correct Answer:
Verified
Q9: On a certificate of deposit, the bank
Q16: All checks are time instruments.
Q18: To be negotiable, an instrument must be
Q19: An order instrument must identify the payee
Q23: To borrow money to finance the start-up
Q24: Northwest Energy Corporation signs an instrument that
Q25: To buy a stuffed cow, Ken executes
Q26: To be negotiable, an instrument must be
Q26: InterComp normally sells $50,000 worth of software
Q53: Eden signs a promissory note payable to
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