When the drawee of a draft has indicated by writing or record a willingness to pay the amount specified in the draft, the drawee has accepted liability and is called the acceptor.
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Q6: Both drafts and promissory notes may have
Q6: A drawee on a draft has no
Q7: The payee has no rights in an
Q7: Once a draft is delivered to the
Q8: When a drawee has signified in writing
Q11: The drawee on a check is a
Q15: Negotiability is the characteristic that distinguishes commercial
Q16: The person on whom the order to
Q17: Instruments are always negotiable.
Q17: The maker is the person who writes
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