An IOU for $500 is
A) illegal.
B) a legal substitute for a check.
C) negotiable if properly signed.
D) nonnegotiable.
Correct Answer:
Verified
Q21: It is not a requirement of a
Q22: A(n) _ is a promise by a
Q23: A promissory note payable "on the day
Q24: If an instrument is negotiable, it
A) can
Q25: The signature on a negotiable instrument must
A)
Q27: An instrument stating on its face, "Pay
Q28: A(n) _ refers to a written document
Q29: For an instrument to be negotiable it
Q30: A promissory note is not negotiable if
Q31: An instrument is not negotiable if it
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