An order instrument is payable to a specific,named payee.
Correct Answer:
Verified
Q5: In order to satisfy the negotiable instrument
Q6: A draft is an order by a
Q7: An ordinary IOU satisfies the "unconditional promise
Q8: The person creating the endorsement is the
Q9: The law recognizes an oral negotiable instrument
Q11: The Uniform Commercial Code requires an "instrument
Q12: Negotiation is the transfer of possession to
Q13: An automated signature satisfies the Uniform Commercial
Q14: Order paper must be endorsed as well
Q15: A note is a promise by the
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