are writings drawn in a special form that can be transferred from person to person as a substitute for money or as an instrument of credit.
A)Non-industrial papers
B)Commercial paper
C)Estate papers
D)Non-negotiable instruments

Question

are writings drawn in a special form that can be transferred from person to person as a substitute for money or as an instrument of credit. ​
A)Non-industrial papers
B)Commercial paper
C)Estate papers
D)Non-negotiable instruments

Quizplus · Accepted Answer

Commercial paper refers to short-term, unsecured promissory notes issued by companies, typically used for the financing of accounts receivable, inventories, and meeting short-term liabilities. It is a form of a negotiable instrument that can be transferred from one party to another as a form of credit or payment, unlike non-negotiable instruments, estate papers, or non-industrial papers, which do not serve this specific financial function.

Are Writings Drawn in a Special Form That Can Be