A __________ is a specialized form of promise to pay money given by a maker in which the bank is the maker.
A) note
B) certificate of deposit
C) trade acceptance
D) cashier's check
Correct Answer:
Verified
Q30: Which of the following is not a
Q31: Under the Check 21 Act:
A) banks must
Q33: Postdating an instrument will not destroy its
Q34: Carol buys some items at the drugstore
Q35: A provision in a promissory note payable
Q37: To have the full benefit of negotiability,
Q38: A certificate of deposit differs from a
Q39: To be negotiable, the instrument must satisfy
Q40: If Sam writes a check drawn on
Q41: Which of the following will destroy negotiability?
A)
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