Negotiable instruments serve as a record-keeping device.

Question

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Negotiable instruments, such as checks or promissory notes, are used to provide and keep records of financial transactions. They serve as a written promise or order to pay a specific sum of money to a designated person or entity. The negotiation of these instruments from one party to another serves as a record of the transaction occurring between them. Therefore, negotiable instruments do serve as a record-keeping device.

Negotiable Instruments Serve as a Record-Keeping Device