Many retail businesses have taken steps to minimize the risks associated with negotiable instruments.These steps include
A) not presenting any instrument for payment.
B) not accepting accommodation bills.
C) acting as a factor.
D) not accepting cheques or bills of exchange as payment for goods.
E) signing all drafts without recourse.
Correct Answer:
Verified
Q28: Liability of the drawer,acceptor,or maker on a
Q29: Negotiable instruments began as a form of
Q30: A remote party who fails to meet
Q31: A person who negotiates an instrument in
Q32: Liability of the drawee on a bill
Q34: The two classes of negotiable instruments are
A)promissory
Q35: Tina gave Zach a cheque for $1000
Q36: A buyer on consumer credit has no
Q37: Which of the following is NOT a
Q38: Where a bill of exchange is payable
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