The attribute of negotiability means that an item can be readily transferred and accepted as a substitute for money.
Correct Answer:
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Q3: An instrument can be made payable to
Q10: When the terms of a check are
Q14: The object of a negotiable instrument is
Q17: An instrument that meets all of the
Q18: A check is a draft payable upon
Q20: Any instrument that does not meet the
Q21: A promise or order is "payable on
Q22: A negotiable instrument:
A)must be payable to a
Q23: Which of the following will destroy the
Q24: A draft is a:
A)two-party instrument.
B)three-party instrument.
C)single party
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