A promissory note signed to obtain a student loan is a negotiable instrument that functions as an extension of credit.
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Q10: A check is not a demand instrument,
Q11: To be negotiable, an instrument must condition
Q12: The payee of a certificate of deposit
Q13: Because negotiable instruments were originally paper documents,
Q14: When a note is lost, impaired, or
Q16: No drafts other than checks may be
Q17: An unusual signature clearly increases the marketability
Q18: For a negotiable instrument to operate practically
Q19: Commonly used in international trade, a draft
Q20: A trade acceptance is created when, as
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