How would a written contract containing an unconditional order to pay a specific sum on demand to a specific bearer most likely be classified?
A) as a promissory note
B) as a cheque
C) as a negotiable instrument
D) as a bill of exchange
Correct Answer:
Verified
Q14: Which of the following is most likely
Q15: What is a distinguishing feature of a
Q16: Which of the following international rules deals
Q17: Why should a commercial customer be cautious
Q18: Which of the following would strongly suggest
Q20: Which of the following formerly applied to
Q21: Which of the following would most likely
Q22: What is the distinction between a "holder"
Q23: What is required for an instrument to
Q24: Which position offers the most security: being
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents