Negotiable instruments may not act as a substitute for money.

Name: Negotiable instruments may not act as a substitute for money.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Negotiable instruments such as checks, promissory notes, and bills of exchange can act as a substitute for money in certain situations. They are often used in transactions where cash may not be readily available, but they are not legal tender and cannot be used to fulfill a debt that requires payment in cash.

Negotiable Instruments May Not Act as a Substitute for Money