True/False
Instruments that are payable on demand are called order instruments.
Correct Answer:
Verified
Related Questions
Q3: An extension clause allows the date of
Q69: A maker or drawer can appoint an
Q70: A prepayment clause allows the payee or
Q71: Promises to pay and orders to pay
Q73: A nonnegotiable contract is rendered either nontransferable
Q75: A(n) _ is a clause in an
Q76: What are nonnegotiable contracts?
Q77: An acceleration clause permits the maker to
Q78: To qualify as a negotiable instrument, a
Q79: An acknowledgement of debt is sufficient 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