When a drawee has signified in writing on a draft the willingness to make a specified payment,the drawee is called the acceptor.
Correct Answer:
Verified
Q4: A payee is not liable on an
Q5: When a party who is not originally
Q5: A negotiable instrument may be partly printed
Q6: A drawee on a draft has no
Q9: Instruments are negotiable when they contain the
Q10: Revised UCC Article 3 refers to drawers,
Q11: The drawee on a check is a
Q12: Instruments are transferable,written,signed promises or orders to
Q16: A nonnegotiable instrument's terms are not enforceable.
Q20: Commercial paper facilitates the transfer of funds
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