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Marla Owes Mathew $2,500

Question 85

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Marla owes Mathew $2,500.Mathew wants Marla to pay that amount to Harry to whom Mathew owes the same amount.Mathew draws a negotiable instrument which promises that Marla will pay Harry $2,500.What instrument has Mathew drawn? Explain the different parties involved in the instrument.

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In the scenario,Mathew has executed a dr...

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