Commercial paper includes checks that banks are ordered to pay, but not drafts in which a third party is ordered to pay.
Correct Answer:
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Q2: The purpose of the Electronic Funds Transfer
Q3: Most states have statutes making a person
Q4: Commercial paper differs from ordinary contracts because
Q5: A cashier's check is drawn against the
Q6: The promise in a note, or the
Q8: Forged checks are illegal, whereas raised checks
Q9: Checks are sometimes payable on demand.
Q10: An item of commercial paper containing the
Q11: The person who makes a promise is
Q12: Commercial paper may be handwritten, printed, or
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