Which of the following is not a reason for the use of negotiable instruments?
A) Reduction of the chance of forgery or material alteration
B) Convenience
C) Elimination of the risk of loss or theft of cash
D) Reduction of cost to the federal government of maintaining an adequate supply of currency
Correct Answer:
Verified
Q31: Postdating an instrument will destroy its negotiability.
Q32: An instrument which is ambiguous as to
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Q34: Bearer paper can be negotiable.
Q35: An "I.O.U." is not considered a negotiable
Q37: An "X" or a thumbprint could constitute
Q38: April purchases $18,000 of goods from Lin
Q39: A certificate of deposit differs from a
Q40: The drawee is the individual who signs
Q41: Which of the following is correct with
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