Grandma has sent you a properly-completed check which states that it is payable for $500.00 upon your graduation from college.This would be a negotiable instrument if signed properly.
Correct Answer:
Verified
Q38: A promissory note is a negotiable instrument
Q39: A trade acceptance is a sight draft
Q40: A certificate of deposit is a two-party
Q41: An I.O.U.is another form of note that
Q42: If sufficient credible witnesses are brought forth,an
Q44: All negotiable instruments must be payable to
Q45: The essence of the fixed amount requirement
Q46: Stanley Smith is an agent of the
Q47: A negotiable instrument may be a conditional
Q48: A bearer instrument is payable to anyone
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