A check is drawn on a financial institution and is payable on demand.
Correct Answer:
Verified
Q71: An instrument that contains an unconditional order
Q72: A negotiable instrument is subject to normal
Q73: The UCC requires that negotiable instruments be
Q74: A check is a promise to pay.
Q75: A promissory note is an unconditional written
Q77: Transfer to subsequent parties by negotiation is
Q78: Agreements in the form of tape recordings
Q79: A draft is a two-party instrument that
Q80: Typewritten,handwritten,or other tangible agreements fulfill the writing
Q81: A promissory note is a three-party instrument.
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