Which of the following statements is true?
A) In order for a check to be negotiable, the drawee must be named in the instrument.
B) A check is a type of draft.
C) A check is a popular form of negotiable instrument.
D) All of these.
Correct Answer:
Verified
Q12: A negotiable instrument is
A) required to be
Q13: An "X" or a thumb print qualifies
Q14: A check is always payable on demand.
Q15: The party who issues a promissory note
Q16: There is no such thing as an
Q18: Today check processing is done electronically. Consequently
Q19: The words order and bearer are words
Q20: Article 3 of the UCC is the
Q21: It is not a requirement of a
Q22: A(n) _ is a promise by a
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